Shriram EPC rallies over 10% on multiple orders worth Rs 214 crore

NEW DELHI: Shriram EPC rallied as much as 10.8 per cent in morning trade on Wednesday, a day after the company said it has won multiple orders worth Rs 214 crore, including a Rs 157-crore contract from BPCL.

At 09:20 a.m.; Shriram EPC was trading 8.4 per cent higher at Rs 34. It has hit a low of Rs 32.75 and a high of Rs 34.75 in trade today.

The company has received orders worth Rs 214 crore, including "an order amounting to Rs 157 crore from Bharat Petroleum Corporation Limited (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", Shriram EPC said.

The project is to be completed over a period of 15 months, it said in a statement.

The company also got two orders worth Rs 57 crore from Municipal Corporation of Brihanmumbai, Mumbai for rehabilitation of underground sewers using trench less technology, the statement said, adding that both the orders are to be executed over a period of 21 months.

Shriram EPC is a part of the Shriram Group and offers design, engineering, procurement, construction and project management services, PTI reported.