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Shriram EPC jumps on bagging multiple orders amounting to Rs 367 crore

29 Jan 2013

Shriram EPC is currently trading at Rs. 73.10, up by 4.10 points or 5.94% from its previous closing of Rs. 69.00 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 74.50 and Rs. 73.10 respectively.

 The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.80 and a 52 week low of Rs. 49.05.

The current market cap of the company is Rs. 324.00 crore.

The promoters holding in the company stood at 38.44% while Institutions and Non-Institutions held 7.43% and 54.13% respectively.

Shriram EPC (SEPC), a leading service provider of integrated design, engineering, procurement, construction and project management services for power plants, renewable energy projects, process and metallurgical plants and municipal service sector projects throughout India, has bagged multiple orders amounting to Rs 367 crore.

The company has bagged first order worth Rs 234 crore from Hutti Gold Mines Company (HGML), a Karnataka government undertaking for construction of a circular shaft of a diameter of 6 meters and a depth of 960 meters. This is in consortium with Shandong Gold Group Yantai Design and Research Engineering Company, China, and is scheduled to be completed in 3 years. The company is concurrently executing an order awarded by Hindustan Copper involving similar expertise at Surda India Copper Complex, Jharkhand worth Rs 206.34 crore.

Besides, the company is executing a repeat order from the Gujarat Urban Development Company, (GUDCL), for Rs 75.6 crore has been given to the company for undertaking fixing & supplying of DI, MS, HDPE Pipes and erection & commissioning of pumping stations, conventional water treatment plant & incidental facilities including electro mechanical works.

The company has also received an order amounting to Rs 27 crore from Kayalpattanam Municipality, Kayalpattanam, Tamilnadu for construction of intake wells, underground and overhead storage and setting up of a 50.5 km distribution network using DI Pipes.

Finally, a repeat order from Kerala Feeds (KFL), a Government of Kerala undertaking for Rs 30.3 crore for designing, engineering, supplying, undertaking erection, testing & commissioning of all structural, mechanical, electrical and instrumentation equipment and works for a 300TPD Cattle Feed Plant at Thiruvangoor, Kozhikode, was also received by the company.

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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