Mumbai, 22stJune,2017
Shriram EPC wins orders worth Rs. 165crore
- bags orders under Water Management business
Shriram EPC Limited (SEPC), one of the leading service providers of integrated design, engineering, procurement, construction and project management services for infrastructure projects in Roads & Highways, Water & Sewer, Renewable energy, Process and Metallurgical plants and Municipal service sector projects throughout India,today announced that it has won multiple orders under its water management business amounting to Rs. 155 crore.
The first order amounting to Rs. 83.37crore 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 ADB funded project is to be executed over a period of 30 months with 3 months for O&M.
The second order amounting to Rs. 82.56crore from Tamil Nadu Water Supply & Drainage Board (TWAD Board) entails implementation of Water supply scheme in Hosur Municipal Corporation, Krishnagiri District. The order is to be executed over a period of 24 months.
Commenting on the order, Mr. T. Shivaraman, Managing Director & CEO of Shriram EPC Limited, said:
“We are pleased to have won these order wins as they not only help us maintain the recent order momentum but more specifically bolster our water management business. Our varied and end to end offering in water management vertical makes us a preferred choice for our customers and has been one of the key differentiatorin making us a strong player in the business. We expect further traction in the business as water management is one of government’s focal areas.”
About Shriram EPC
Shriram EPC (NSE: SHRIRAMEPC, BSE: 532945) is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for infrastructure projects in Roads & Highways, Renewable energy, Process and Metallurgical plants and Municipal service sector throughout India.
The EPC business is focused on providing integrated turnkey solutions for biomass-based power plants, bio-ethanol production plants, process and metallurgy plants (including thermal power plants), water and wastewater treatment plants, water and sewer infrastructure and pipe rehabilitation.
Shriram EPC is headquartered in Chennai). Their EPC project experience and footprint reaches across India and internationally.
For further information please contact
Mr. K Suresh
Shriram EPC Limited
Tel: +91 44 49015678
Safe Harbour
Some of the statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.
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