JMC Projects (India) Ltd (JMC), a leading civil engineering and EPC company, on Tuesday said that it has secured new orders of Rs 942 crore from National Highways Authority of India (NHAI).

According to the company, the orders include four-laning of Madurai-Chettikulam section of NH 785 in Tamil Nadu on EPC basis for Rs 486 crore. It also covers two orders for construction of flyovers on NH 53 in Maharashtra for Rs 456 crore.

Commenting on securing new orders, S K Tripathi (CEO & Dy. Managing Director) commented, “we are delighted with these new orders received in our infrastructure business, especially from NHAI. The increased capital outlay for infrastructure creation in India augurs well for our business and we see it as a major growth driver in the coming years. These new orders and JMC’s strong order book gives us confidence to achieve our growth targets for 2018-19.”

Shares of the company surged more than 7% intraday Tuesday on BSE after the news came in. At 11.57 am, the Rs 10 face value shares were trading at Rs 594.05, up 5.30% from the previous closing of Rs 564.15.

here is company details.

 

NOTE :You need to login first to access this feature.