JMC Bags Rs 514 Cr New Orders | CORPORATE ETHOS

JMC Bags Rs 514 Cr New Orders

By: | October 9, 2018

Oct 9: JMC Projects (India) Ltd (JMC), one of India’s leading civil engineering and EPC companies and a part of the real estate developer Kalpataru Group, on Tuesday said that it has secured new orders of Rs 514 crore.

According to the company, the orders include two projects totalling Rs 236 crore for construction of educational institutes in Andhra Pradesh and a Rs 141 crore project for civil construction and related MEP works for residential building in Telangana. The remaining Rs 137 crore order is for civil works for a steel plant in Orissa.

Commenting on the order wins, S K Tripathi (CEO & Dy. Managing Director), said, “we are pleased with the new order wins, especially in our core buildings & factory (B&F) business. With these new order wins we have further strengthened our institutional clients portfolio. We are particularly happy with our success in Industrial segment as this reaffirms our faith in the Industrial Business becoming a significant opportunity in the coming years. We remain confident of meeting our revenue and margin guidance for financial year 2018-19.”