Oct 18, 2016 09:40 AM IST IST | Source: Moneycontrol.com

Shriram EPC surges 14% on Rs 61 crore order win

The company has been awarded contract of over Rs 61 crore from KUWS & D board, Bengaluru for providing water supply scheme to Robertsonpet city under AMRUT.

Moneycontrol Bureau

Shares of Shriram EPC gained 14 percent intraday Tuesday on order win from Karnataka Water Authority.

"The company has been awarded contract of over Rs 61 crore from KUWS & D board, Bengaluru for providing water supply scheme to Robertsonpet city under AMRUT," as per company release.

The project is to be executed over a period of 36 months.

T Shivaraman, MD & CEO of Shriram EPC said, "Our diverse customer base coupled with our capabilities on offering end to end business solutions give us the comfort in maintaining positive view going forward."

In the month of September 2016, the company had awarded a contract of Rs 74.26 crore from the Chennai Metropolitan Water Supply and Sewerage board, Chennai.

At 09:26 hrs Shriram EPC was quoting at Rs 26.35, up Rs 2.50, or 10.48 percent on the BSE.

Posted by Rakesh Patil
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