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JMC Projects gets nod to raise funds upto Rs 150 crore

JMC Projects has received approval from its board for raising funds by way of issue of Secured/Unsecured Redeemable Non-Convertible Debentures (NCDs) for an aggregate amount upto Rs 150 crore in one or more series/tranches, on private placement basis. The meeting of the Board of Directors of the company held on May 24, 2018, have approved the same.

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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