You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

JMC Projects soars after winning Rs 554 cr order

Capital Market 

JMC Projects jumped 13.26% to Rs 60.65 after the civil engineering and EPC company said it secured new orders of Rs 554 crore.

JMC Projects said that the order comprises building project in South India totaling Rs 315 crore and a factory project in Maharashtra worth Rs 239 crore.

Commenting on securing new orders, S. K. Tripathi (CEO & Dy. Managing Director) commented, We are happy with the new order wins especially in our Buildings & Factory (B&F) business. These new orders will strengthen our portfolio and will help us further expand our client base in the B&F market. JMC has won orders of around Rs 4,000 crore till date in FY21 despite the challenging market conditions, demonstrating JMC's impeccable reputation for domain expertise, prudent tendering and client confidence. Our execution capabilities and strong order book gives us confidence to deliver good performance going forward.

JMC Projects (India), a subsidiary of Kalpataru Power Transmission, is India's one of the leading contracting company.

Shares of Kalpataru Power were up 4.22% to Rs 285 on BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 26 2020. 09:34 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU