JMC Projects gets nod to raise Rs 150 crore through NCDs

24 Aug 2018

JMC Projects’ board has approved the issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of Rs 150 crore on private placement basis. The said NCDs shall be listed on the Wholesale Debt Market Segment of the BSE. 

The Management Committee of the Board of Directors of the company at its meeting held on August 24, 2018, approved the same.

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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