Credit rating agency, CARE has reaffirmed ‘A+’ rating to JMC Projects' Long-term Bank Facilities worth Rs 460.83 crore, Non-Convertible Debenture Issue - I worth Rs 35.00 crore , Non-Convertible Debenture Issue – II worth Rs 10.00 crore and A+/ A1+ rating to the company’s Long Term / Short Term Bank Facilities worth Rs 2,350.00 crore. The rating agency has also reaffirmed A1+ rating to the company’s Short Term Debt / Commercial Paper Issue worth Rs 125.00 crore.
The ratings continue to draw strength from the strong parentage of JMC Projects (India) being a subsidiary of Kalpataru Power Transmission which translates into strong financial flexibility, JMC’s established presence in diversified areas of the construction business and strong revenue visibility backed by a healthy order book position.
JMC 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.
