JMC Projects rises on securing orders worth Rs 1,966 crore

26 Jun 2018

JMC Projects (India) is currently trading at Rs. 530.00, up by 5.00 points or 0.95% from its previous closing of Rs. 525.00 on the BSE.

The scrip opened at Rs. 529.40 and has touched a high and low of Rs. 539.80 and Rs. 528.00 respectively. So far 1631 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 710.00 on 29-May-2018 and a 52 week low of Rs. 268.00 on 30-Jun-2017.

Last one week high and low of the scrip stood at Rs. 551.95 and Rs. 520.00 respectively. The current market cap of the company is Rs. 1763.00 crore.

The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 15.03% and 17.79% respectively.

JMC Projects has secured new orders worth Rs 1,966 crore. JMC led consortium has secured two turnkey projects under 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.

The company has also secured order for construction of Township for National Mineral Development Corporation (NMDC) for around Rs 366 crore in Chhattisgarh.

JMC, 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.

Related JMC Projects (India) Ltd. Links:

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