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BL Research Bureau

Shriram EPC has won two orders worth Rs 315 crore from SAIL for its Rourkela plant. The first order, which involves the complete designing to erection and commissioning of coal chemical plant, would be executed in consortium with Czech Republic-based Hutni Projekt Frydek-Mistek AS, a leading player in the coke oven and by-product technology.

Apart from being the first ever large turnkey order received from SAIL, this order also assumes greater significance for Shriram EPC as it also marks its first order win with Hutni.

Most small to mid-sized companies in the engineering space bid for such turnkey projects almost always in consortium with foreign players as it helps them pre-qualify for such bids and at a later stage even leverage on their partner’s technical expertise. While the order win in itself is not very significant, it nonetheless highlights the company’s ability to attract well-established foreign players.

The second order, to be executed singly by the company, includes the entire gamut of activities right from designing, engineering to commissioning of ammonia liquor plant and ammonium sulphate plant for the upgradation of SAIL plant. While the exact break-ups of the two orders were not available, both are likely to enjoy margins at low-to-moderate levels only.

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