JMC Projects (India) Ltd, India’s leading civil engineering and EPC company and a part of the real estate developer Kalpataru Group , on Thursday announced that it has won five new orders worth a total of Rs 1,457 crore in four South Indian states.

Shares of the company surged more than 15% intraday Thursday on BSE after the company’s announcement came in. At 1.17 pm, the Rs 10 face value shares were trading at Rs 224.10, up 7.71% from the previous closing of Rs 208.05.

According to the company’s latest filing with the bourses, the current orders include a Rs 454 crore shipyard modernization project in Goa along with a Rs 446 crore worth flyover project in Maharashtra. It also consists of a residential project in Bangalore worth approximately Rs 224 crore.

The remaining two works are in the state of Andhra Pradesh which include a commercial project in Hyderabad worth approximately Rs 282 crore and an educational building project in Amravati worth Rs 51 crore.

Commenting on securing new orders, S K Tripathi, CEO and Managing Director, JMC, said, “in the past few quarters, we have successfully increased our presence in government projects, it would enhance our growth sustainability going forward.”

Based in Ahmedabad, JMC, a subsidiary of Kalpataru Power Transmission Ltd, provides services across the construction sector i.e., civil, structural and MEP for all major industries and project types.

here is company details.

 

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