JMC Projects to develop 2,000 housing units in Maldives
Real Estate

JMC Projects to develop 2,000 housing units in Maldives

Construction engineering company JMC Projects (India) has bagged an order from Maldives Fahi Dhiriulhun Corporation (FDC) for the construction of 2,000 housing units in Maldives at a cost of Rs 1,000 crore.

In a BSE filing, JMC Projects said it has signed an agreement with 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.

This project's total value is estimated to be around Rs 1,000 crore and is planned to be financed through a loan from a multilateral funding agency.

JMC Projects said the financial closure of the project is expected to conclude soon, and construction on the project will commence after the financial closure.

JMC Projects CEO and Deputy Managing Director S N Tripathi said the company's international business has expanded its presence further with the project.

FDC is a state-owned company of the Government of the Republic of the Maldives. JMC Projects (India), a subsidiary of Kalpataru Power Transmission Limited, is an engineering procurement and construction (EPC) company working in areas such as real estate, infrastructure, industry, and power.

Image Source


Also read: JMC to build social housing units in Maldives

Construction engineering company JMC Projects (India) has bagged an order from Maldives Fahi Dhiriulhun Corporation (FDC) for the construction of 2,000 housing units in Maldives at a cost of Rs 1,000 crore. In a BSE filing, JMC Projects said it has signed an agreement with 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. This project's total value is estimated to be around Rs 1,000 crore and is planned to be financed through a loan from a multilateral funding agency. JMC Projects said the financial closure of the project is expected to conclude soon, and construction on the project will commence after the financial closure. JMC Projects CEO and Deputy Managing Director S N Tripathi said the company's international business has expanded its presence further with the project. FDC is a state-owned company of the Government of the Republic of the Maldives. JMC Projects (India), a subsidiary of Kalpataru Power Transmission Limited, is an engineering procurement and construction (EPC) company working in areas such as real estate, infrastructure, industry, and power. Image Source Also read: JMC to build social housing units in Maldives

Next Story
Infrastructure Urban

CASE India Launches Project Milaap for Devotee Safety at Kumbh Mela

CASE Construction Equipment, a brand of CNH, launches Project Milaap, a groundbreaking Corporate Social Responsibility (CSR) initiative aimed at ensuring the safety of millions of devotees attending the Kumbh Mela 2025 in Prayagraj. The initiative was officially flagged off in the presence of CSR committee Emre Karazli, VP-Construction Segment, CNH APAC, Shalabh Chaturvedi, Managing Director, CASE India & SAARC, Satendra Tiwari, Executive Director – Operations, Mr. Puneet Vidyarthi, Head of Brand Marketing, APAC along with representatives from the company. With an expected footfall of over ..

Next Story
Infrastructure Energy

CleanMax Announces Financing for Onsite Solar Projects in UAE

CleanMax, one of Asia's leading renewable energy providers for the Commercial and Industrial (C&I) sector and a Brookfield-backed company, announced that it will obtain AED 99 Million (USD 27 Million) long term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. The facility will cover 92 onsite solar assets, located on industrial facilities, malls, schools and universities. The financing arrangement also provides an uncommitted accordion of AED 37 Million (USD 10 Million) for development of future projects, in alignment with UAE’s Net Zero 2050 Strategy. ..

Next Story
Infrastructure Urban

Virtusa Foundation’s School Restoration Project Wins UNESCO Award

Virtusa, through the Virtusa Foundation, proudly announces that the restoration of the Byramjee Jeejeebhoy Parsee Charitable Institution (B.J.P.C.I) in Mumbai has been honored with the ‘Award of Merit’ from the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation 2024. This project, which aligns with the Virtusa Foundation’s core pillars of education, empowerment, and environment, highlights Virtusa’s commitment to sustainability and social impact. By supporting restoring this 134-year-old structure, Virtusa has helped preserve a vital piece of history while ensuring the insti..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000