JMC signs agreement with FDC for a project in Maldives

JMC Projects (India), 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 estimated value for the project is approx USD 137 Million (~Rs.1,000 Crores), and is planned to be financed via a loan from multilateral funding agency. The project will commence once the financial closure is concluded.

S. K. Tripathi (CEO & Dy. MD) 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 ability 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 market.”