Moneycontrol Be a Pro
Get App
Last Updated : Dec 18, 2017 01:07 PM IST | Source: Moneycontrol.com

JMC Projects gains 4% on orders win worth Rs 790 crore

Shares of JMC Projects added 4 percent in the early trade on Monday as it has secured new orders worth Rs 790 crore.

Shares of JMC Projects added 4 percent in the early trade on Monday as it has secured new orders worth Rs 790 crore.

The orders include, one water pipeline and one micro irrigation project in the state of Madhya Pradesh to totalling Rs 451 crore.

Also, one residential and one commercial project in Western and Southern India, respectively totalling Rs 339 crore.

Close

S. K. Tripathi, CEO & Dy Managing Director of JMC Projects said, "Our water pipeline and irrigation segment within the infrastructure business continues to build on these orders and strengthens our belief of long term scalability."

"On the back of a solid order book, we are confident of exceeding our revenue growth guidance for 2017-18," he added.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is India's one of the leading contracting company.

graph_jmc

At 09:17 hrs JMC Projects (India) was quoting at Rs 585.60, up Rs 8.10, or 1.40 percent on the BSE.

Posted by Rakesh Patil

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Dec 18, 2017 09:17 am
Loading...
Sections
Follow us on
Available On