JMC Projects planning to raise Rs 100 crore via NCDs
11th Oct 2019

JMC Projects India is planning to issue Non-Convertible Debentures (NCDs) for an aggregate value of up to Rs 100 crore on private placement basis. The proposed amount to be raised through issuance of Non-Convertible Debentures is within the borrowing limit approved by the Shareholders of the Company. The meeting of the Board of Directors of the Company is scheduled to be held on October 16, 2019, to consider the same.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is India’s one of the leading contracting company. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects.