Team News Riveting
Mumbai, March 9
JMC Projects (India) Limited (JMC), India’s leading Civil Engineering and EPC Company has signed an agreement with Fahi Dhiriulhun Corporation Limited (FDC), a state-owned company of the Government of the Republic of the Maldives, for the design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives.
The total value for this project is estimated to be around USO 137 Million (Rs1,000 crore) and is planned to be financed via a loan from multilateral funding agency. The financial closure of the project is expected to conclude soon and construction on the project will commence after the financial closure.
S K Tripathi, Chief Executive Officer and Deputy Managing Director of JMC Projects said, “The signing of the agreement with FDC is a landmark event in JMC’s growth journey. The project is a milestone and testament to our abi lity to deliver major projects to the highest quality and within tight time frames . Our international business has expanded its presence further with this project in Maldives. This will strengthen our international order book and reinforces our thrust to diversify in the international EPC rnarket.”
About JMC Projects (India) Limited JMC Projects (India) Limited (JMC), a subsidiary of Kalpataru Power Transmission Limited, is India’s one of the leading contracting company. With its focus on customer satisfaction, robust management and execution capabilities, JMC has emerged as one of the leading civil EPC Company. In last three decades, JMC has contributed towards country’s infrastructure by constructing highways, expressways, bridges, flyovers, townships, high-rise buildings, hospitals, industrial units, power plants among others. JMC provides services across the construction sector i.e. civil, structural & MEP for all major industries and project types
