Shriram EPC surges on securing orders worth Rs 389 crore from Tamil Nadu and Rajasthan

26 Sep 2013

Shriram EPC is currently trading at Rs 33.55, up by 1.60 points or 5.01% from its previous closing of Rs 31.95 on the BSE.

The scrip opened at Rs 34.10 and has touched a high and low of Rs 34.10 and Rs 33.20 respectively. So far 2401 shares were traded on the counter.

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 31.70 on 25-Sep-2013.

Last one week high and low of the scrip stood at Rs 34.05 and Rs 31.70 respectively. The current market cap of the company is Rs 141.72 crore.

The promoters holding in the company stood at 38.43% while Institutions and Non-Institutions held 7.27% and 54.30% respectively.

Shriram EPC (SEPC) has bagged orders worth Rs 389 crore from Tamil Nadu and Rajasthan in the municipal service vertical. Of total, the company has received order worth Rs 164 crore from Tamil Nadu Water Supply and Drainage Board, Madurai for construction of water treatment plant, infiltration wells, sumps, service reservoirs and pumps room, while it won two orders worth Rs 86 crore from Chennai Metropolitan Water Supply and Sewerage Board.

Moreover, the company secured two contracts at Rs 92 crore from PHED, Bharatpur in Rajasthan for undertaking regional water supply work for a total of 107 villages under Chambal Dholpur Bharatpur project.

Further, Rs 47 crore has come from PHED, Kota-Rajasthan for the execution work of intake pumping station, treatment plant, pumping station with associated civil, electrical and mechanical work for Shaygarh water supply project on a single responsibility turn-key basis.

Related Shriram EPC Ltd. Links:

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