Cost-optimisation efforts helped us maintain profitability
Real Estate

Cost-optimisation efforts helped us maintain profitability

SECTOR: CONSTRUCTION & CONTRACTING JMC ProjectsJMC Projects caters to a range of business segments in various formats with its integrated capabilities spanning the spectrum of EPC solutions with safety, quality and on-time delivery as its three pillars. It continues to evo...

SECTOR: CONSTRUCTION & CONTRACTING JMC ProjectsJMC Projects caters to a range of business segments in various formats with its integrated capabilities spanning the spectrum of EPC solutions with safety, quality and on-time delivery as its three pillars. It continues to evolve, seeking better ways of engineering to meet emerging challenges leveraging the power of ‘people-processes-technology’.The order book of the company is over Rs.100 billion as on May 31, 2019. Shailendra Kumar Tripathi, Deputy Managing Director & CEO, shares more... One major challenge faced in FY2018-19: Changes in RERA and GST and tightening of liquidity in the market were two major challenges we faced. We had a proactive approach in our ERP upgradation project with the latest technology, which enabled us to face dynamic changes in real time. We worked closely with clients and vendors by aligning ourselves to these changes. Financial discipline and costoptimisation efforts across levels helped us maintain profitability and sustained growth. One decision you consider the biggest contributor to the company’s growth in FY2018-19: We were able to win more orders in the water sector. Repeat orders from existing clients, coupled with execution excellence and digital initiatives, provided us the required growth in top-line and bottom-line. Plans for FY2019-20: During the past two to three years, JMC has grown at a healthy pace of over 20 per cent. We are looking at a sizeable pie of projects in roads, flyovers, expressways, railways, urban infra and water this year. Given our successful project implementation in the global arena, we are also targeting to increase the share of our international business in new emerging markets.

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Real Estate

HUDCO Eyes Rs 3 Trn Infrastructure Funding by 2030

To capitalise on the accelerating demand for world-class infrastructure, state-run Housing and Urban Development Corporation (HUDCO) has announced its target of providing more than Rs 3 trillion (Rs 3 lakh crore) in infrastructure financing by 2030.“India’s infrastructure development is the driving force behind economic growth. With the country enjoying macroeconomic stability and policy direction under Prime Minister Narendra Modi, HUDCO is committed to playing a vital role in transforming the nation’s core infrastructure,” said CMD Sanjay Kulshrestha in a statement to The Free Press ..

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Infrastructure Urban

Odisha Plans Science City in Bhubaneswar by 2036

The Government of Odisha has unveiled plans to develop a state-of-the-art Science City in Bhubaneswar, aiming to foster scientific advancement and contribute to the vision of a ‘Viksit Odisha’ by 2036.The announcement was made by Science and Technology Minister Krushna Chandra Patra on Thursday. He said the proposed Science City would act as a centre for innovation, public engagement, and scientific learning.“I recently visited the Science City in Ahmedabad to understand its structure and functionality. Inspired by its success and on the suggestion of Chief Minister Majhi, we are moving ..

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Infrastructure Urban

Coimbatore UGD Project Nears Completion by July

The pipeline installation project jointly undertaken by the Tamil Nadu Water Supply and Drainage (TWAD) Board and Southern Railways, in coordination with the Coimbatore City Municipal Corporation (CCMC), is now in its final stages. The project involves laying pipelines for the Kurichi-Kuniyamuthur drinking water scheme and the underground drainage (UGD) system across the Podanur–Pollachi railway tracks.To support this infrastructure, authorities have begun erecting an iron bridge over the tracks. The UGD project, covering Wards 87 to 100 in the city, is being implemented at a cost of approxi..

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