Shriram EPC Bags Orders Worth Rs 349 Crore | CORPORATE ETHOS

Shriram EPC Bags Orders Worth Rs 349 Crore

By: | October 13, 2017

Oct 13: Engineering firm Shriram EPC has won multiple orders aggregating to Rs 349 crore. The first order of Rs 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 Asian Development Bank and is to be executed over a period of 24 months, while the O&M (Operation and Maintenance) component extends up to eight years post completion, the company said.

“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, Shriram EPC.

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.