Shares of engineering firm JMC Projects (India) today rose by 3.5 per cent after the company secured orders worth Rs 1,966 crore in the domestic market.
The stock gained 3.20 per cent to settle at Rs 541.80 on BSE. During the day, it soared 10.28 per cent to Rs 579.
On NSE, shares of the company went up by 3.48 per cent to close at Rs 542.
"JMC-led consortium has secured two turnkey projects under the Micro Lift Irrigation Scheme worth Rs 2,650 crore from Narmada Valley Development Authority (NVDA) in Madhya Pradesh. The share of JMC in these projects is around Rs 1,600 crore," JMC Projects said in a regulatory filing.
The company said it has also bagged an order for construction of township for National Mineral Development Corporation (NMDC) for approx Rs 366 crore in Chhattisgarh
JMC Projects (India) is an arm of Kalpataru Power Transmission.
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