core sector communique

Shriram EPC’s wins an order for Diesel Tank Storage facility in Australia

Chennai, 1^st August, 2011: Shriram EPC Limited (SEPC), a leading 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 throughout India and manufacturer of wind turbine generators, has been awarded an order from an Australian Company which is in partnership with a leading Investment Bank in the USA.

The order win, in consortium with Chemie–Tech L.L.C. of the UAE, pertains to setting up a 75 Million Litre Diesel Tank Storage Facility in the Port of Mackay in Queensland, Australia and is scheduled to be completed within 13 months from commencement. The consortium has also signed an MOU with the client for five more such facilities in Australia.

Commenting on the order win, Mr. T. Shivaraman, Managing Director & CEO of Shriram EPC Limited, said, “We are pleased to announce this international order win in consortium with Chemie–Tech L.L.C, a well-established EPC Contracts & Project Management Services company in UAE. We are confident of our execution given the combined expertise from both companies. This order will help to augment our track record in liquid fuel storage facilities.

The momentum in order flows continues unabated and our current order backlog keeps our prospects bright despite the moderation in operating environment. We are heartened that our emerging verticals like thermal power and material handling are also contributing to the momentum in order wins.”

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 power plants, 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.