JMC secures new orders of Rs 1,966 crore
JMC Projects (India) (JMC), a leading civil engineering and EPC company has secured new orders of Rs 1,966 crore. The details are as follows:
- JMC led consortium has secured two turnkey projects under Micro Lift Irrigation Scheme worth Rs 2,650 crore from Narmada Valley Development Authority (NVDA) in Madhya Pradesh. The share of JMC in these projects is around Rs 1,600 crore.
- Construction of township for National Mineral Development Corporation (NMDC) for approx. Rs 366 crore in Chhattisgarh
Commenting on securing new orders, SK Tripathi (CEO & dy. MD) commented, “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.
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 confidence to deliver on our growth tar-gets of 15-20% for financial year 2018-19.”