SEPC bags a Rs 182.6 crore order from the Gov. of Bihar for drinking water irrigation

The company SEPC offers multidisciplinary design, engineering, procurement, construction, and project management services, enabling them to tackle engineering challenges from start to finish. The main areas of expertise for SEPC are turnkey solutions for ferrous and nonferrous, cement, aluminum, copper, and thermal power plants; water treatment and transmission; cooling towers; renewable energy; and material handling. The Shriram EPC Group includes EPC Limited (formerly Shriram EPC Limited), which has a variety of interests in project engineering and construction. The business offers multidisciplinary design, engineering, procurement, construction, and project management services, delivering end-to-end solutions to engineering problems. The primary areas of focus for SEPC are turnkey solutions for ferrous and nonferrous, cement, aluminum, copper, and thermal power plants; water treatment and transmission; cooling towers; renewable energy; and material handling. The company signs contracts with the clients in order to carry out the projects, as do the joint operators. On June 12, 2000, Shriram EPC was incorporated. Its headquarters are in Chennai, Tamil Nadu, which was formerly known as Madras. Other locations include offices in Beijing, Mumbai, New Delhi, Kolkata, and Puducherry. WTG and cooling tower factories are located in Puducherry, Chennai, and Umbergaon (Gujarat). It provides services like comprehensive project and construction management, material procurement, and detailed design and engineering. It is also one of the top producers of 250KW wind turbine generators (“WTG”) in India.

SEPC bags Rs. 182.6 crore prooject:

The Bihar government’s irrigation department has given SEPC a work order worth Rs 182.56 crore. The contract includes survey and investigation, planning and design, supply of all materials, labor, machinery, equipment, construction, execution and installation, testing, and commissioning within a year, as well as a successful three-month trial run and full operation and maintenance for sixty months following the successful trial run of using surface water to provide drinking water to Bhabhua and Mohania Town under the Jal-Jeevan-Hariyali Abhiyan on a turnkey basis.

The stock price of SEPC is down more than 2% today:

The current price of SEPC shares is Rs. 31.73, which is very close to the 52-week high. Yesterday, the stock increased by 4% after the company received the project from the state of Bihar. SEPC’s market capitalization, as reported by the Bombay Stock Exchange (BSE), is Rs 4,884.87 crore. The business is classified as a BSE SmallCap. The share price of SEPC is Rs 11.88, marking its 52-week low.

Conclusion: SPEC is becoming increasingly involved in government projects, and the ongoing projects from the state of Bihar will increase their income.

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