Shriram EPC in the green

Shriram EPC is in the green today, currently up over 7% at Rs.26 levels, with an intra day high at Rs.27.30. The 52-week high is at Rs.40.80 and low is at Rs.20.55.

The market is happy with the receipt of its new order, which is its foray into the transportation segment. This was by securing a maiden project from the state of Tamil Nadu, India. The company has won an order worth Rs. 71crore from the Arulmigu Dandayuthapani temple located at Palani in Tamil Nadu.

Shriram EPC is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for medium to large infrastructure projects in Water & Sewerage, Renewable Energy, Process and Metallurgical plants and Municipal service sector projects throughout India.

The scope of this first Transportation project work includes Design, Manufacture, Supply, Erection, Testing, Commissioning, Operating and Maintenance of the Second Ropeway to the Temple that will serve 1,200 persons per hour.