Shriram EPC surges 5% on orders worth Rs 3.67 bn
By IRIS
29th January 2013 10:18 AM
Shriram EPC, a leading service provider of
design, engineering, procurement, construction and project
management services, surged on Tuesday after securing multiple
orders amounting to Rs 3.67 billion.
These include an order Rs 2.34 billion from Hutti Gold Mines Company, a government of Karnataka undertaking for construction of a circular shaft of a diameter of 6 meters and depth of 960 meters.
Two orders amounting to Rs 1.02 billion in its municipal service
vertical. The first order is a repeat from the Gujarat Urban
Development Company worth Rs 755 million and second order amounting
Rs 270 million from Kayalpattanam Municipality. And also a repeat
order from Kerala Feeds, a government of Kerala undertaking for Rs
303 million.
Shares ofthe companyare trading at Rs
72.50, up Rs 3.5, or 5.07% at the Bombay Stock Exchange (BSE) on
Tuesday at 9:23 a.m.The scrip has touched an intra-day high of Rs
74.50 and low of Rs 72.50. The total volume of shares traded at the
BSE is 956.In the earlier session, the shares lost 1.5%, or Rs
1.05, at Rs 69. Currently, the stock is trading down 36.29% from
its 52-week high of Rs 113.80 and above 47.81% over the 52-week low
of Rs 49.05.
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