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18 April, 2024 21:44 IST
Shriram EPC secures multiple orders worth Rs 1.65 bn
Source: IRIS | 23 Jun, 2017, 09.41AM
Rating: NAN / 5 stars.
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Shriram EPC (SEPC), one of the leading service providers of integrated design, engineering, procurement, construction and project management services for infrastructure projects in Roads & Highways, Water & Sewer, Renewable energy, Process and Metallurgical plants and Municipal service sector projects throughout India, announced that it has won multiple orders under Its water management business amounting to Rs 1.65 billion.

The first order amounting to Rs 833.7 million from City Corporation Davanagere, involves designing, building and improving bulk water supply for 24X7 water supplies to Davanagere city and O& M of the Bulk Water Supply Scheme for 3 months. The ADB funded project is to be executed over a period of 30 months with 3 months for O&M.

The second order amounting to Rs 825.6 million from Tamil Nadu Water Supply & Drainage Board (TWAD Board) entails Implementation of Water supply scheme in Hosur Municipal Corporation, Krishnagiri District. The order is to be executed over a period of 24 months.

T. Shlvararnan, Managing Director & CEO of Shriram EPC, said, "We are pleased to have won these order wins as they not only help us maintain the recent order momentum but more specifically bolster our water management business. Our varied and end to end offering In water management vertical makes us a preferred choice for our customers and has been one of the key differentiator in making us a strong player in the business. We expect further traction in the business as water management is one of government's focal areas."

Shares of the company gained Rs 1.95, or 8.18%, to trade at Rs 25.80. The total volume of shares traded was 79,329 at the BSE (9.26 a.m., Friday).

   
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