JMC secures new orders worth Rs 1,966 crore

JMC Projects (India), a leading civil engineering and EPC company has secured new orders of Rs 1,966 crore. A 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. They have also bagged a project for the construction of a township for the National Mineral Development Corporation (NMDC) for approximately Rs 366 crore in Chhattisgarh.
Commenting on securing new orders, S K Tripathi, CEO and deputy MD, JMC Projects (India), 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 targets of 15-20%.”