Ways2Capital Reviews : JMC Projects Bags Orders Worth Rs1,966cr

JMC, a leading Civil Engineering and EPC company has secured new orders of Rs1,966cr.

The details are as follows: -

• JMC led consortium has secured two turnkey projects under Micro Lift Irrigation Scheme worth Rs2,650cr from Narmada Valley Development Authority (NVDA) in Madhya Pradesh. The share of JMC in these projects is around Rs1,600cr.

• Construction of Township for National Mineral Development Corporation (NMDC) for approximately Rs366cr in Chhattisgarh.

As per the company, these large irrigation orders will help it improve its capabilities and further strengthen its presence in the water segment. In addition, the water projects being low capex oriented will help JMC further augment its return ratios. The company is confident of delivering sales growth of 15-20% for FY19.
At the end of FY18, JMC’s order inflows stood at Rs3,339cr coupled with L1 status of Rs1,500cr. The company currently has healthy order book of ~Rs7,616cr (2.8x FY18 sales).
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About Bhoomi Desai