CARE reaffirms the assigned rating to STD/CP issue of JMC Projects (India)

Credit rating agency, CARE has reaffirmed the assigned ‘CARE A1+’ rating to Short-term Debt / Commercial Paper issue (STD/CP) carved out of the tied-up working capital facility of JMC Projects (India) for Rs 100.00 crore.

JMC Projects (India) is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects. The company has also worked on various civil infrastructure development projects like construction of roads, bridges and terminals.