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Shriram EPC gains on bagging order worth Rs 126 crore

14 May 2013 Evaluate

Shriram EPC is currently trading at Rs. 60.60, up by 2.40 points or 4.12% from its previous closing of Rs. 58.20 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 64.40 and Rs. 60.60 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.00 on 06-Dec-2012 and a 52 week low of Rs. 49.05 on 05-Sep-2012.

Last one week high and low of the scrip stood at Rs. 64.15 and Rs. 57.30 respectively. The current market cap of the company is Rs. 268.00 crore.

The promoters holding in the company stood at 38.44%, while Institutions and Non-Institutions held 7.29% and 54.27% respectively.

Shriram EPC (SEPC) has been awarded an order amounting to Rs 126 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai. The scope of work includes setting up of a comprehensive Water Supply Scheme to the areas of Karambakkam, Nolambur and Injambakkam within the limits of Chennai as well as providing of a comprehensive sewerage scheme to the area of Kathivakkam. The period of completion for the works is 30 months.

This order marks continued momentum in the municipal services vertical for SEPC which has already won orders from the Gujarat Urban Development Company, and the Kayalpattanam Municipality, Kayalpattanam, Tamil Nadu, earlier this year.

Shriram EPC is 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 and overseas, and is also a leading manufacturer of wind turbine generators.

SEPC Share Price

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