JMC secures new orders worth Rs 1,363 cr
Mumbai/UNI: Infrastructure major, JMC Projects (India) Limited (JMC) said that it has secured new orders of Rs 1,363 crore.
While first order is for building projects in South India totaling Rs 1,169 crore, second is for water supply project in Bihar of Rs 194 crore.
Commenting on securing new orders, S K Tripathi (CEO & Dy Managing Director) commented, "We are happy with the new order wins in the face of challenging market conditions. We continue to focus on scaling up our operations and improving our cost competitiveness. We are witnessing continuous improvements in operations and expect execution to normalise at pre-COVID levels by end of Q2FY21. With our order book of over Rs.11,400 Crores and Ll of Rs. 1,700 crores, we remain confident to deliver positive and profitable growth for full year FY21."