JMC Projects bags orders worth 1966 crores
Mumbai, June 26 (IBNS): Civil Engineering and EPC company JMC Projects has secured new orders amounting to Rs. 1966 crores.
A consortium led by JMC in the state of Madhya Pradesh has secured two turnkey projects under the Micro Lift Irrigation Scheme from the Narmada Valley Development Authority (NVDA). Orders worth Rs 2650 crores have been secured by JMC, whose share of the project is around Rs 1600 crores.
It has also taken up a project of Construction of Township for National Mineral Development Corporation (NMDC) in Chattisgarh which amounts to Rs 366 crores.
"We are pleased with the new order wins in our water and building segments. These large irrigation orders will help us improve our capabilities and further strengthen our presence in the water segment,” said S.K Tripathi, the C.E.O and managing director of the company.
He added, “In addition, the water projects being low CapEx oriented will help us further augment our return ratios. Overall, our robust and well-diversified order book gives us the confidence to deliver on our growth targets of 15-20% for the financial year 2018-19."
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