Shriram EPC has rallied 10% to Rs 27 on the BSE after the company said it has bagged contracts worth over Rs 438 crore from the Ministry of Road & Highways and Government of Jharkhand.
The company has received a road contract worth Rs 301.05 crore from the State of Chhattisgarh for executing road works of 50 km under the NHDP-IV on engineering, procurement and construction basis (EPC). The project to be completed over 24 months, Shriram EPC said in a release.
The second contract worth Rs 137 crore received from the Jharkhand government for implementation of the rural water supply scheme in three groups of villages, which is to be executed over a period of 33 months, it added.
The stock hit an intra-day high of Rs 27.50 on the BSE. A combined 270,417 shares changed hands against an average sub 50,000 shares that were traded daily in past two weeks on the BSE and NSE.