Shriram EPC soars on bagging orders worth of Rs 165 crore

The stock rallied 18% to Rs 28.20 on BSE in intra-day trade on back of heavy volumes.

Shares of Shriram EPC  rallied 18% to Rs 28.20 on BSE in intra-day trade after the company said it has won multiple orders under its water management business amounting to Rs 165 crore.

The first order amounting to Rs 83.37 crore from City Corporation Davanagere, involves designing, building and improving bulk water supply for 24X7 water supply to Davanagere city and O&M of the bulk water supply scheme for 3 months.

The Asian Development Bank (ADB) funded project is to be executed over a period of 30 months with 3 months for operations & maintenance (O&M).

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