Credit rating agency, CARE has reaffirmed ‘A+’ rating to JMC Projects' long term bank facilities worth Rs 651.22 crore which was enhanced from Rs 460.83 crore. The rating agency has also reaffirmed ‘A+/ A1+’ rating to company’s Long/Short term Bank Facilities worth Rs 2,575.50 crore which was enhanced from Rs 2,350.00 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.
