Hot Pursuit     19-Feb-16
Shriram EPC spurts after winning two orders
Shriram EPC jumped 8.78% to Rs 26.65 at 09:26 IST on BSE after the company won two orders worth over Rs 430 crore.
The announcement was made after market hours yesterday, 18 February 2016.

Meanwhile, the S&P BSE Sensex was down 56.55 points or 0.24% at 23,592.67

On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 21,150 shares in the past one quarter. The stock hit a high of Rs 27.50 and a low of Rs 26.40 so far during the day. The stock had hit a 52-week high of Rs 47 on 13 April 2015. The stock had hit a 52-week low of Rs 23 on 17 February 2016.

The small-cap company has equity capital of Rs 275.57 crore. Face value per share is Rs 10.

Shriram EPC said that the company has won a Rs 301.05 crore order from Ministry of Roads and Highways for constructing a 50-kilometer road in Chhattisgarh on engineering, procurement, and construction (EPC) basis. Further, the company also won a Rs 137 crore order from Drinking Water & Sanitation Department of the Government of Jharkhand.

Shriram EPC reported net loss of Rs 25.52 crore in Q3 December 2015, higher than net loss of Rs 35.87 crore in Q3 December 2014. Net sales rose 13.6% to Rs 153.08 crore in Q3 December 2015 over Q3 December 2014.

Shriram EPC offers design, engineering, procurement, construction and project management services for power plants.

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