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| Shriram EPC bags Rs 70-cr order | |
| Press Trust of India / Mumbai February 24, 2009, 11:24 IST | |
Shriram EPC today said it has bagged an order worth Rs 70 crore from Cape Energy for supplying wind electric generator.
In a filing to the Bombay Stock Exchange, the company said that it has bagged an order worth Rs 70 crore for 60 units of its 250 KW wind turbines.
"Despite an environment that continues to be challenging, we see a large amount of interest in renewable energy projects," SEPC CEO and Managing Director T Shivaraman said.
The company received this order from Cape Energy, an associate of Bergurren Holding, a private equity funded company with interests in infrastructure and real estate development in India, the filing added.
The scope of order includes supply of wind electric generators including all components, operation and maintenance of the turbines, it added.
Further, the order envisages setting up a wind farm project in Tirunelveli district, Tamil Nadu, with a total generation capacity of 15 MW. The project is scheduled for completion by end-April this year, the company said.
"With a shorter break-even point and pent-up situation due to caution exercised for the last couple of quarters, we believe we are on the cusp of an exciting demand scenario for renewable energy projects," it added.
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