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JMC Projects rallies 19% in two days on order win worth Rs 596 crore

The stock rallied 11% to Rs 96.80 on Tuesday, surging 19% in the last two sessions after the construction and engineering company secured new orders worth Rs 596 crore.

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The regulations require a creditor to submit a claim with proof before the last date mentioned in the public announcement

SI Reporter Mumbai
JMC Projects (India) rallied 11% to Rs 96.80 on Tuesday, thus surging 19% in the last two sessions after the construction and engineering company said it has secured new orders worth Rs 596 crore.

Out of Rs 596 crore, Rs 434 crore has been assigned for residential and commercial projects in South India. The second order amounting to Rs 162 crore is for civil works for a steel plant in Orissa.

Most of these new orders are repeat orders from the company’s existing clients. The company said it was confident of meeting its revenue and margin guidance for