The first order amounting to Rs 83.37 crore from City Corporation Davanagere, involves designing, building and improving bulk water supply for 24X7 water supply to Davanagere city and O&M of the bulk water supply scheme for 3 months.
The Asian Development Bank (ADB) funded project is to be executed over a period of 30 months with 3 months for operations & maintenance (O&M).
The second order amounting to Rs 82.56 crore from Tamil Nadu Water Supply & Drainage Board (TWAD Board) entails implementation of water supply scheme in Hosur Muncipal Corporation, Krishnagiri district.
Meanwhile, the Shriram EPC had reported a consolidated net loss of Rs 218 crore for the financial year 2016-17 against loss of Rs 204 crore in previous fiscal.
Thus far in the calendar year 2017, the stock underperformed the market by falling 19% against 18% rise in the S&P BSE Sensex till Thursday.
At 10:37 am; the stock was up 14% at Rs 27.30, as compared to 0.23% decline in Sensex. The counter has seen huge trading volumes with a combined 1.64 million shares changed hands on BSE and NSE so far.