Shriram EPC breaches UC
By
Research Desk
about 9 years ago
Shriram EPC breached the upper circuit at Rs.26.45, after its previous close of Rs.22.05. It even now remains firmly some 16% up.
The stock is in the limelight after it announced receipt of a huge order.
This order was won by its Sharjah based subsidiary, Shriram EPC FZE and the order was for Rs.1530 crore from Moon Iron & Steel of Oman.
The company has said that this order includes constructing the Balance of Plant for a 1.2 MTPA mini mill project in Sohar, Sultanate of Oman and the project execution period will be 32 months.
This is good move ahead for the company’s subsidiary and the order marks its expanding footprint in the Middle East.