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Shriram EPC gets Rs 389 crore order

NEW DELHI: Shriram EPCBSE 4.23 %(SEPC) today said it has received orders valued at Rs 389 crore from Tamil Nadu and Rajasthan in the municipal service vertical. 

The majority of the orders, at Rs 250 crore, is from the Southern state while the remaining is from Rajasthan, it said in a statement. 

"We believe that the municipal service vertical segment is largely untapped and has the potential to provide sizeable business opportunity," said 
SEPC Managing Director and CEO T Shivaraman. 

The Rs 164 crore order is the biggest of the lot. It is from Tamil Nadu Water Supply and Drainage Board, Madurai for construction of water treatment plant, infiltration wells, sumps, service reservoirs and pumps room. 

It has also received two other orders from Tamil Nadu. Valued at Rs 86 crore, these orders are from Chennai Metropolitan Water Supply and Sewerage Board, it said. 

SEPC also bagged two orders valued at Rs 92 crore from PHED, Bharatpur in Rajasthan for undertaking regional water supply work for a total of 107 villages under Chambal Dholpur Bharatpur project. 

A Rs 47 crore has come from PHED, Kota-Rajasthan for the execution work of intake pumping station, treatment plant, pumping station with associated civil, electrical and mechanical work for Shaygarh water supply project on a single responsibility turn-key basis, it said.