JMC secures new orders worth Rs. 547 cr.

JMC Projects (India) Ltd. (JMC), an engineering and EPC company which is part of Kalpataru Power Transmission Ltd., has announced that it has secured new orders of Rs. 547 crore.

This includes a Rs. 315-crore order for a water pipeline project and a Rs. 232-crore order for residential and commercial projects.

According to S. K. Tripathi, CEO & Deputy Managing Director, JMC, the new orders along with earlier orders announced during the year, reaffirm the company's commitment to deliver sustainable and profitable growth going ahead. "We remain confident to deliver on our guidance for financial year 2018-19," he added.

JMC's order book stood at Rs. 9,930 crore as on December 31, 2018. The company has reported revenue growth of 26 per cent in Q3FY19, driven by a pick-up in execution in buildings and factories and infrastructure business.

HBL