JMC Projects shares surge over 7% on bagging Rs 930 cr orders

Shares of JMC Projects India, an arm of Kalpataru Power Transmission, soared over 7 per cent today as the company has bagged orders worth over Rs 930 crore.

The stock zoomed 7.28 per cent to settle at Rs 216.70 on the BSE. Intra-day, it surged 10.64 per cent to Rs 223.50.

At NSE, shares of the company jumped 7.1 per cent to Rs 216.95.

A leading civil engineering and EPC company, JMC said in a BSE filing that it "has recently secured new orders worth over Rs 930 crore".

The orders include a road EPC project in Ethiopia worth approximately Rs 465 crore; a retail mall project in Bangalore of Mantri Developers worth Rs 235 crore; area infrastructure development project by Naya Raipur Development Authority worth Rs 169 crore and building a project in Bangalore worth approximately Rs 62 crore, the filing said.