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JMC Projects shines on securing new orders worth Rs 514 crore

JMC Projects shines on securing new orders worth Rs 514 crore

JMC Projects (India) is currently trading at Rs. 75.50, up by 3.45 points or 4.79% from its previous closing of Rs. 71.95 on the BSE.

The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.50 and Rs. 75.00 respectively.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 29-May-2018 and a 52 week low of Rs. 67.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 83.15 and Rs. 67.00 respectively. The current market cap of the company is Rs. 1208.08 crore.

The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 15.36% and 17.45% respectively.

JMC Projects India (JMC) has secured new orders worth Rs 514 crore. The orders are for civil construction and related MEP works for residential building in Telangana for Rs 141 crore, two orders totalling Rs 236 crore for construction of educational institutes in Andhra Pradesh and civil works for a steel plant in Orissa for Rs 137 crore.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.

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