JMC Projects bags orders worth Rs. 556 crore

Tanay Loya
/ Categories: Trending, Markets

JMC Projects (India), a listed subsidiary of Kalpataru Power Transmission Ltd, has secured new orders worth Rs. 556 crore.

The civil engineering and EPC company has secured an EPC project for laying of water pipeline in Orissa for Rs. 283 crore. The company has also secured the contract for construction of residential buildings and associated infrastructure development work at Nalanda University, Bihar for Rs. 273 crore.

With the above order wins, the company’s order intake for the current financial year has crossed Rs. 3,450 crore. The company's management aims to grow at 15 to 20 per cent for the financial year 2018-19.

At 11:54 hours on Monday, JMC Projects (India) was trading at Rs. 549.50 per share, down Rs. 6.05 or 1.09 per cent on NSE. The stock opened at Rs. 560 and touched an intraday high of Rs. 570.30 per share on NSE. The stock attracted a traded volume of 13,921 shares on NSE.

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