Shriram EPC bags orders worth ₹349 cr

Chennai, October 12



Engineering company Shriram EPC has won multiple orders amounting to ₹349 crore.

The first order amounting to ₹311 crore is from the Bihar Urban Infrastructure Development Corporation Ltd for improvement of water supply system in Gaya Municipal Corporation. The Asian Development Bank (ADB)-funded project is to be executed over a period of 42 months, with operations and maintenance period of three years.

The second order amounting to ₹38 crore is from the Karnataka Urban Infrastructure Development & Finance Corporation Ltd and entails construction of pipeline, overhead tank and distribution network of 24/7 water supply system at Byadgi along with operations and maintenance.

This project is also funded by ADB and is to be executed over a period of 24 months, while the O&M component extends up to eight years post completion, according to a statement.

“We have witnessed a steady flow of order wins across our business verticals on the back of concerted efforts towards reviving our core EPC business. These orders will aid us further in accelerating the revival process,” said T Shivaraman, MD & CEO.

Published on October 12, 2017

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