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Shriram EPC surges on bagging multiple orders worth Rs 214 crore

20 Nov 2013

Shriram EPC is currently trading at Rs. 33.00, up by 1.65 points or 5.26% from its previous closing of Rs. 31.35 on the BSE.

The scrip opened at Rs. 33.05 and has touched a high and low of Rs. 34.75 and Rs. 32.75 respectively. So far 36,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.00 on 06-Dec-2012 and a 52 week low of Rs. 26.10 on 23-Oct-2013.

Last one week high and low of the scrip stood at Rs. 34.00 and Rs. 27.50 respectively. The current market cap of the company is Rs. 146 crore.

The promoters holding in the company stood at 38.43% while Institutions and Non-Institutions held 6.87% and 54.70% respectively.

Shriram EPC (SEPC), one of the leading service providers 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 has been awarded multiple orders amounting to Rs 214 crore.

The company has received first order amounting to Rs 157 crore from Bharat Petroleum Corporation (BPCL) for undertaking civil, structural & underground piping works of fluid catalytic cracking units (FCCU) for the Integrated Refinery Expansion Project (IREP) at their Kochi Refinery. The project is to be completed over a period of 15 months.

The company received two orders amounting to Rs 57 crore from Municipal Corporation of Brihanmumbai (Sewerage Operations Department), Mumbai for rehabilitation of underground sewers using trench less technology with GRP liners. Both the orders are to be executed over a period of 21 months.

Related Shriram EPC Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323