ALSO READPSP Projects makes poor debut; lists at 9.5% discount to issue price on NSE PSP Projects gains 5% to hit upper circuit after poor debut on Monday Mutual funds turn net buyers for 11th straight quarter Welspun Enterprises hits 52-week high; stock up 15% in two days Faster clearances, monitoring help infra projects stay on course in Q4
The stock is quoting near its 52-week high of Rs 309 touched on April 18, 2017. The trading volumes on the counter jumped multiple-fold with a combined 182,073 shares exchanging hands on BSE and NSE till 01:20 pm.
“The order includes two water pipeline projects in the state of Madhya Pradesh totaling Rs 257 crore,” JMC Projects, a civil engineering and EPC company said in a statement.
The second order for commercial projects in Bangalore and Chennai amounting of Rs 340 crore and one residential project in Chennai of Rs 115 crore, it added.
Meanwhile, the board of directors of JMC Projects on July 3, approved raising of funds by way of issue of secured/unsecured listed non-convertible debentures (NCDs) for an aggregate amount up to Rs 150 crore.