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Shriram EPC surges on Rs 214 crore fresh orders

The stock has rallied 8% to Rs 33.90 in early morning deals on BSE.

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SI Reporter Mumbai
Last Updated : Nov 20 2013 | 9:21 AM IST
Shriram EPC has rallied  8% to Rs 33.90 in early morning deals on BSE after the company said it has received multiple orders amounting to Rs 214 crore.

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. The project is to be completed over a period of 15 of Months.

The two orders amounting to Rs 57 crore are from Municipal Corporation of Brihanmumbai (Sewerage Operations Department), Mumbai for rehabilitation of underground sewers using trenchless technology with GRP liners. Both the orders are to be executed over a period of 21 months, Shriram EPC said in a statement.
 

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First Published: Nov 20 2013 | 9:20 AM IST

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