Shriram EPC bags $230-million contract in Basra

CHENNAI (TIP): Shriram EPC Ltd has bagged a $230 million contract for setting up a storm water and sewer system in Basra, Iraq. The Rs 1,150- crore order will be carried out through a joint venture with the Mokul Group, a service provider with a global presence across diverse industries.

According to a press release from Shriram EPC, the order involves setting up a basic sanitary system in Basra, including engineering, supply, installation of pipelines, pumping stations and road works.

Shriram EPC will oversee the laying of over 240 km of sewer pipelines, 160 km of storm pipelines and 8 km of trunk sewer pipelines and road works in the next three years. T. Shivaraman, Managing Director and CEO, Shriram EPC said in the release, “this is our first order in the Middle East.

It will result in sustained revenues over the three-year execution period. This is also one of the first major public infrastructure projects in southern Iraq which aims to improve basic infrastructure in the country. Successful execution of this contract would open up new opportunities for us in Iraq.” The contract adds to the order backlog of Rs 2,923 crore as of September 2012. Shriram EPC is a service provider of integrated design, engineering, procurement, construction and project management services for power plants, renewable energy projects, process and metallurgical plants and municipal service sector projects.

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