Shriram EPC Limited (SEPC) consortium has bagged order worth $230 million for the supply and laying of basic sanitary systems in Basra, Iraq in a joint venture with the Mokul Group of Companies, according to statement released by the company. Shriram EPC, which is part of Shriram Group, is an integrated design, engineering, procurement, construction and project management services for power plants, renewable energy projects, process and metallurgical plants and municipal service sector projects.
The scope of work entails engineering, supply and installation of a primary sanitary sewer system, storm sewer system and trunk sewer system with connected pumping stations and road works.
Shriram EPC will oversee the laying of approximately 240 kms of Sewer Pipe Line, 160 kms of Storm Pipe Line and 8 KM of Trunk Sewer Pipe Line along with road works in the area. The project is scheduled for completion in 3 years.
Commenting on the contract, T. Shivaraman, Managing Director & CEO of Shriram EPC Limited, said that this is our first order in the Middle East and adds to our portfolio of international projects. It is a sizeable order for our municipal services vertical and will result in sustained revenues over the 3 year execution period. This is also one of the first major public infrastructure projects in Southern Iraq which aims to improve basic infrastructure in the country. Successful execution of this contract would open up new opportunities for us in Iraq.
Over the past several months, SEPC has witnessed good momentum in its order book, particularly in municipal services and this order adds to our order backlog of Rs 2,923 crore as at the end of September 2012, as per the statement.