JMC Projects gains on securing orders worth Rs 556 crore

23 Jul 2018

JMC Projects (India) is currently trading at Rs. 565.00, up by 6.95 points or 1.25% from its previous closing of Rs. 558.05 on the BSE.

The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 565.00 and Rs. 560.00 respectively. So far 57 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. 323.40 on 24-Jul-2017.

Last one week high and low of the scrip stood at Rs. 564.00 and Rs. 540.00 respectively. The current market cap of the company is Rs. 1873.99 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 has secured new orders worth Rs 556 crore. The first order is of EPC project for laying of water pipeline in Orissa for Rs 283 crore. Another project is for construction of residential buildings and associated infrastructure development works at Nalanda University, Bihar for Rs 273 crore.

With the above order wins, the company’s order intake for the current financial year has crossed Rs 3,450 crore, giving the company confidence to deliver on the growth targets of 15-20% for financial year 2018-19.

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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