JMC Projects rallies over 13% after securing orders worth Rs 1,363 crore

With our order book of over Rs 11,400 crore and L1 of Rs 1,700 crore, we remain confident to deliver profitable growth for full-year FY21, said S K Tripathi, CEO.

JMC Projects shares advanced as much as 13.5 per cent to Rs 55 on the BSE on Wednesday after the engineering firm on Tuesday informed it has secured new orders worth Rs 1,363 crore.

In a filing to the BSE, the company said it has won Rs 1,169 crore building projects order in southern India; while in Bihar, it has won a water supply project of Rs 194 crore. READ MORE

"We are happy with the new order wins in the face of challenging market conditions. We continue to focus on scaling up our operations and improving our cost