Shriram EPC in the green
By Research Desk
about 9 years ago
Shriram EPC, on 17th Feb had hit a new 52-week low at Rs.23 and today, the stock is back with a renewed vigor, up almost 10.5% at Rs.27 with a 13 times jump in volumes.
The company is in the limelight today after it announced that it had received contracts worth Rs.430 crore. This includes a road contract worth Rs.301 crore from the State of Chhattisgarh for executing road works of 50 km under the NHDP-IV on engineering, procurement and construction basis (EPC) to be completed over 24 months.
The company also bagged a contract worth Rs.137 crore from the Jharkhand government for implementation of the rural water supply scheme in three groups of villages within a 33-month period.