Shriram Group's Rs 400-cr PE plan to bind its cement foray
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Shriram EPC Stock News, Analyst Calls And Reviews
Shriram EPC announced that it has pocketed two deals worth Rs 165 crore from Kerala Water Authority for making a water distribution network for Kozhikode and its neighboring villages.
In a report, the scope of the deals comprise supplying and laying of PVC, DI and GI pipes totaling over 1,000 km in length.
Company’s managing director & CEO T Shivaraman stated, “Our diversified business model has helped us to carry a fairly strong order book, which today stands at Rs 3,194 crore, even in a challenging environment for project expenditures.”
“The viewpoints for our businesses catering to water and waste-water management and distribution systems and municipal services remain healthy due to the sheer backlog of necessary investments and infrastructure,” Shivaraman said.
"We are well placed due to a wide array of services and a diversified customer base consisting of public bodies as well as private sector players," Shivaraman stated, adding, "our business visibility remains comfortable and we are focussed on the profitable execution of our order book."
Shriram EPC is a major service supplier of structured design, engineering, procurement, construction and project management services for power facilities, renewable energy projects, process and metallurgical facilities, and municipal service division projects all through the country and maker of wind turbine generators.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
Shriram Group's Rs 400-cr PE plan to bind its cement foray
Shriram EPC Ltd Board recommends Dividend of Rs.1.20 for 2011-12
PE-backed Shriram EPC to raise up to $26.4M; Gets Bessemer’s Vishal Gupta on board
