Shriram EPC (SEPC) through its 100 % subsidiary, SHRIRAM EPC FZE, SHARJAH, has been awarded an overseas contract for an amount of $230 million amounting Rs 1,530 crore. The order entails constructing the Balance of Plant (BoP) for a 1.2 MTPA Mini Mill Project in Sohar, Sultanate of Oman and the project execution period will be 32 months.
The customer (Moon Iron and Steel) is an Oman based company with investments from Gulf Investment Corporation, Oman Development fund and Sultan's Special Forces Pension fund. The project debt is funded by a consortium of Omani banks.
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.
