JMC Projects wins orders worth Rs. 560 crore

Engineering and EPC company, JMC Projects (India) on Monday informed the bourses that it has secured orders worth Rs. 560 crore. The orders involved Rs. 312 crore real estate project in Southern and Western India and water supply project worth Rs. 248 crore in Odisha.

As on Q1FY20, the company’s order inflow was at Rs. 1130 crore and total order book was at Rs. 10,173 crore. This translates to book-to-bill of 3.1x giving strong revenue visibility for the next 2-3 years

S.K. Tripathi (CEO & Dy. Managing Director) of JMC Projects said – “These new orders will strengthen our commercial real estate portfolio in the B&F market. The order wins in our Water business would help us to further consolidate our order book and expand client base. Our execution progress and strong order book gives us confidence to deliver robust performance going forward."

JMC Projects (India) Limited is a subsidiary of Kalpataru Power Transmission Limited involved in constructing highways, expressways, bridges, flyovers, townships, high-rise buildings, hospitals, industrial units, power plants etc.

The stock of JMC Project in today’s trading session opened at Rs. 115.05 as against previous close of Rs. 112.15 and later it touched intra-day high of Rs. 117 apiece. At 12.29 hours the stock was trading at Rs. 114, up by 1.7 per cent from previous close.