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03-Apr2018

JMC Projects surges on bagging new orders worth Rs 942 crore

JMC Projects (India) is currently trading at Rs. 598.05, up by 33.90 points or 6.01% from its previous closing of Rs. 564.15 on the BSE.

The scrip opened at Rs. 570.00 and has touched a high and low of Rs. 605.00 and Rs. 569.75 respectively. So far 4,944 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.00 on 11-Jan-2018 and a 52 week low of Rs. 253.00 on 23-May-2017.

Last one week high and low of the scrip stood at Rs. 605.00 and Rs. 538.05 respectively. The current market cap of the company is Rs. 2,008.00 crore.

The promoters holding in the company stood at 67.19%, while Institutions and Non-Institutions held 13.93% and 18.82% respectively.

JMC Projects (India) has secured new orders of Rs 942 crore from National Highways Authority of India (NHAI). The company has bagged two orders for construction of flyovers on NH 53 in Maharashtra for Rs 456 crore and one more order for four-laning of Madurai-Chettikulam section of NH 785 in Tamil Nadu on EPC basis for Rs 486 crore.

JMC, a subsidiary of Kalpataru Power Transmission, is India's one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.



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