JMC Projects surges on bagging new orders worth Rs 1,457 crore

29 Dec 2016

JMC Projects (India) is currently trading at Rs. 230.10, up by 22.05 points or 10.60% from its previous closing of Rs. 208.05 on the BSE.

The scrip opened at Rs. 235.20 and has touched a high and low of Rs. 240.00 and Rs. 230.00 respectively. So far 9,345 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.00 on 25-Jul-2016 and a 52 week low of Rs. 175.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 240.00 and Rs. 200.40 respectively. The current market cap of the company is Rs. 782.27 crore.

The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 9.60% and 23.21% respectively.

JMC Projects (India), one of the leading civil engineering and EPC Company has recently secured new orders worth Rs 1,457 crore. The company has bagged shipyard modernization project in Goa worth approximately Rs 454 crore, while the second order is flyover project in Maharashtra worth approximately Rs 446 crore.

The company has also bagged commercial project in Hyderabad worth approximately Rs 282 crore and residential project in Bangalore worth approximately Rs 224 crore. Besides, the company has bagged educational building project in Amravati (Andhra Pradesh) worth Rs 51 crore.

JMC Projects (India) is one of the few construction companies certified under ISO 9001:2000 quality management system by TUV Management Services of Germany. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.

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