Shriram EPC

SEPC share price zoomed after it announced that it has secured a letter of award (LoA) worth ₹650 crore from Parmeshi Urja Limited, Kolkata.

SEPC share price rose after it announced that arm, SEPC FZE, Sharjah, has secured a contract by Lauren Engineers & Constructors INC worth ₹75.6 crore (equivalent to $8.9 million).

The uptick in SEPC share price came after the company announced that it has secured an order of Rs 182.56 crore.

The Dubai-based company has bought 26.48% stake in the turnkey solutions firm and has become its promoter

Mark ab manages $1.09 bn assets under management. It has investments other areas like telecom and real estate as well

Markab has around $1 billion in assets under management and has significant experience in investment in EPC and construction companies as well as telecom and real estate

Shriram EPC Ltd, service providers of integrated design, engineering, procurement and construction, has said that it has received a stay order against an Interim Resolution Professional (IRP) appointed by the National Company Law Tribunal (NCLT), Chennai Bench, taking over the management of the company, earlier this month.According to a regulatory filing with the exchange, the company said that the NCLT has appointed an IRP in a petition filed by Rio Glass Solar SA.The company has moved against this order at the National Company Law Appellate Tribunal, New Delhi and attained a stay on taking over the possession of Shriram EPC, said a letter by the IRP, which was submitted by the company to the Bombay Stock Exchange.Rio Glass Solar has filed an application to initiate Corporate Insolvency Resoltuion Process against Shriram EPC on account of default made in making payment of the outstanding debt to the tune of Euro 4,151,570.52 along with an interest of Euro 251,028.18 and expenses of ..

The stock rallied 18% to Rs 28.20 on BSE in intra-day trade on back of heavy volumes.

The stock soared 20% to Rs 37.40 in intra-day trade, up 44% in past two trading days from Rs 26 on Nov 2.

The stock hit a high of Rs 29.60 and a low of Rs 27.50 so far during the day

The stock was up 10% at Rs 27 on the BSE.