Share price of Shriram EPC gained 20 percent intraday Tuesday as its subsidiary company won a order worth Rs 1,530 crore in Oman. Shriram EPC FZE, Sharjah, the 100 percent subsidiary of Shriram EPC, has bagged an order worth USD 230 million (Rs 1,530 crore) from Moon Iron & Steel Co (MISCO), Oman. The order includes constructing the Balance of Plant for a 1.2 MTPA mini mill project in Sohar, Sultanate of Oman and the project execution period will be 32 months. T Shivaraman, MD & CEO of Shriram EPC said, "The recent order win is a big step forward for the company through over 100 percent subsidiary and it will give us a strong base to expand our business in the middle east market." At 09:27 hrs Shriram EPC was quoting at Rs 25.90, up Rs 3.85, or 17.46 percent on the BSE.
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