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21 March, 2018 14:33 IST
Shriram EPC bags multiple orders worth Rs 3.49 bn
Source: IRIS | 13 Oct, 2017, 09.58AM
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Shriram EPC has won multiple orders aggregating Rs 3.49 billion. The first order amounting to Rs 3.11 billion has been bagged from Bihar Urban Infrastructure Development Corporation involves improvement of water supply system in Gaya Municipal Corporation. The Asian Development Bank funded project is to be executed over a period of 42 months, with operations and maintenance period of 3 years.

The second order amounting to Rs 380 million is from Karnataka Urban Infrastructure Development & Finance Corporation and entails construction of pipeline, overhead tank and distribution network at Byadgi along with operations and maintenance. The Asian Development Bank funded project is to be executed over a period of 24 months while the O&M component extends up to 8 years post completion.

Shares of the company gained Rs 2.75, or 14.07%, to trade at Rs 22.30. The total volume of shares traded was 319,664 at the BSE (9.48 a.m., Friday).

Shriram EPC Limited   (Q,N,C,F)*

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