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Shriram EPC surges on bagging contracts worth over Rs 438 crore

19 Feb 2016 Evaluate

Shriram EPC is currently trading at Rs. 26.50, up by 2.00 points or 8.16% from its previous closing of Rs. 24.50 on the BSE.

The scrip opened at Rs. 26.40 and has touched a high and low of Rs. 27.50 and Rs. 26.40 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.00 on 13-Apr-2015 and a 52 week low of Rs. 23.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 27.50 and Rs. 23.00 respectively. The current market cap of the company is Rs. 709.79 crore.

The promoters holding in the company stood at 58.53% while Institutions and Non-Institutions held 32.78% and 8.70% respectively.

Shriram EPC has bagged contracts worth over Rs 438.05 crore. The first order is for road contract worth Rs 301.05 crore has been bagged from the State of Chhattisgarh for executing road works of 50 km under the NHDP-IV on engineering, procurement and construction basis (EPC) to be completed over 24 months.

The company also bagged a contract worth Rs 137 crore from the Jharkhand government for implementation of the rural water supply scheme in three groups of villages. The project is to be executed over a period of 33-months.

Shriram EPC is one of the leading  service providers  of the integrated designs, engineering, procurement, construction and  project management services  for power plants, renewable  energy projects, process and metallurgical plants and municipal service sector projects throughout India and overseas.



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