Shriram EPC Secures Order Of Rs 71 Crore, Stock Soars Over 8%

Shriram Group’s engineering business arm, Shriram EPC Ltd on Wednesday has bagged an order worth Rs 71 crore from the Arulmigu Dandayathupani or Palani temple in Tamil Nadu.

The scope of the transportation project work includes design, manufacture, supply, erection, commissioning, operating and maintenance of the second ropeway to the temple that will serve 1,200 persons per hour.

Meanwhile, the stock on the opening hours of trade soared 8.83% at Rs 26.50 per share on BSE. The stock on NSE attracted a traded volume of 5,34,526 shares and a traded value of 142.77 lakh on Thursday’s intra-day trade.

On a yearly basis, the stock has underperformed BSE Small-cap and BSE Consumer Durables indices.

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