Shriram EPC Awarded Orders For Rs. 83 Crore

Online, June 25, 2010 (Newswire.com) - Chennai, 23 June, 2010: Shriram EPC Limited (SEPC), a leading service provider of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and municipal service sector projects throughout India and manufacturer of wind turbine generators, has been awarded two orders amounting to Rs. 83 crore from the Urban Improvement Trust (UIT), KOTA. The orders are for the works relating to laying and commissioning of sewerage, manholes and road works across different locations in the city of Kota and also include commissioning and maintenance of two pumping stations.

Commenting on the order win, Mr. T. Shivaraman, Managing Director & CEO of Shriram EPC Limited, said "We are delighted with both the order wins as they highlight our competency in these areas. Our Order Book in the Municipal Services space has become sizeable with these order wins as well as the Rs. 76 crore order from the Bangalore Water Supply and Sewerage Board announced earlier. There is clearly an increase in order momentum in FY11 as we have already received orders in excess of Rs. 300 crore in the first three months itself.

The increasing traction in the EPC space provides us with several opportunities for growth which will enable us to deliver sustained returns to our stakeholders."

ENDS

About Shriram EPC
Shriram EPC (NSE: SHRIRAMEPC, BSE: 532945) is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and municipal service sector projects throughout India and overseas, and is also a leading manufacturer of wind turbine generators (WTG).

The EPC business is focused on providing integrated turnkey solutions for biomass-based power plants, process and metallurgy plants (including cement & thermal power plants), water and wastewater treatment plants, water and sewer infrastructure and pipe rehabilitation. The WTG business is focused on manufacturing, erecting and commissioning of MW Class and KW class WTGs.

Shriram EPC is headquartered in Chennai with offices in Mumbai, New Delhi, Kolkata and Beijing; and WTG and cooling tower factories in Puducherry, Chennai and Umbergaon (Gujarat). Their EPC project experience and footprint reaches across 16 states in India, and internationally in Zambia and France, while their WTG business has completed wind energy projects throughout India.

For further information please contact
Mr. Vivek Sharma Mayank Vaswani
Shriram EPC Limited Citigate Dewe Rogerson
Tel: +91 44 2653 1592 / 3313 / 3109 Tel: +91 22 4007 5021
Fax: +91 44 2653 2780 Fax: +91 22 2284 4561
Email: [email protected] Email: [email protected]

Safe Harbour
Some of the statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.