Tuesday, March 11, 2008

Shriram EPC builds on new order win

Shriram EPC surged 4.77% to Rs 245 at 9:56 IST on BSE after the company bagged multiple contracts worth Rs 120 crore from Delhi Jal Board.

The company made this announcement after trading hours on Monday, 10 March 2008.

Meanwhile, BSE Sensex was down 135.48 points or 0.85% to 15,788.24.

On BSE, 100 shares were traded in the counter. The scrip had an average daily volume of 16.11 lakh shares in the past one quarter.

The stock hit a high of Rs 245 and a low of Rs 244 so far during the day. The stock had a 52-week high of Rs 374.70 on 20 February 2008 and a 52-week low of Rs 222 on 10 March 2008.

The company’s current equity is Rs 36.27 crore. Face value per share is Rs 10.

The current price of Rs 245 discounts the year ended March 2007 EPS of Rs 3.3, by a PE multiple of 74.24.

Shriram EPC, in joint venture with Hong Kong-based CPT Asia Holding, has received three orders worth Rs 77 crore from the Delhi Jal Board (DJB) for rehabilitation of trunk servers.

Further, Shriram EPC, in joint venture with Abu Dhabi-based KMG Pipe Rehabilitation Emirates, has received an order worth Rs 43 crore from the Delhi Jal Board for the rehabilitation of the ring road trunk sewer.

Shriram EPC reported a net profit of Rs 14.06 crore on sales of Rs 295.72 crore in the year ended March 2007.

Shriram EPC is a service provider of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and wind turbine generator.

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