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Shriram EPC shines on bagging orders worth Rs 488 crore

19 Dec 2011 Evaluate

Shriram EPC is currently trading at Rs 92.50, up by 1.50 points or 1.65% from its previous closing of Rs 91.00 on the BSE.

The scrip opened at Rs 93.20 and has touched a high and low of Rs 93.20 and Rs 91.00 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 240.05 on 31-Dec-2010 and a 52 week low of Rs 91.00 on 16-Dec-2011.

Last one week high and low of the scrip stood at Rs 101.00 and Rs 91.00 respectively. The current market cap of the company is Rs 403.48 crore.

The promoters holding in the company stood at 39.27% while Institutions and Non-Institutions held 11.15% and 49.59% respectively. 

Manufacturer of wind turbine generators and services provider for power sectors, Shriram EPC led consortium has bagged a contract by NMDC for installation of a By Product Complex, including Effluent Treatment Plant at its 3.0 MTPA steel plant at Nagarnar in Chattisgarh. The total value of the order is amounted to Rs 488 crore, of which the value for Shriram EPC is Rs 260 crore.

The order entails design, engineering, supply of plant and equipment, structural and civil works, erection, testing and commissioning. The schedule for completion of the project is 30 months.

The company will lead a consortium in association with Hutni Projekt of the Czech Republic and Beekay Engineering Corporation to complete the order.

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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