JMC Projects, an EPC company, has secured a new order worth Rs 631 crore for a building and factories project in India, the company informed exchanges earlier today.
SK Tripathi, CEO & Managing Director, commented, “We are delighted with the new order win in our B&F business. These new orders help us to widen our clientele and further strengthen our B&F order book. Our robust order book and established capabilities reaffirm our confidence to achieve targeted growth going forward.”
Following the update, the scrip hit a day’s high of Rs 86.45. At 11:15 am, it traded at Rs 81.80 around 4.5 per cent above its previous close of Rs 78.25.
JMC Projects, a subsidiary of
Transmission, is a civil construction and infrastructure EPC (Engineering, Procurement and Construction) company.
JMC Projects shares have given a negative three-year return of 34.15 per cent as compared to Nifty Smallcap 100 which gave a return of 56.65 per cent.
Promoters held 67.75 per cent stake and FIIs and DIIs held 0.98 and 19.32 per cent stakes, respectively as of 30 June 2022.
JMC Projects is a smallcap company with a market cap of Rs 1,393 crore.