This small-cap infrastructure company has received work orders worth more than Rs 250 crore!

Shares of the company surged by more than 4.5 per cent today after the announcement.

The Drinking Water & Sanitation Department of the Government of Jharkhand has awarded SEPC the first significant order in the Water Division following the implementation of the Resolution Plan. The order is for the detailed survey, design, installation, and commissioning of the Chouphran and Barhi Rural Water Supply Scheme under the DWSD Division, Hazaribagh, on a turnkey basis, for a cost of Rs 286.49 crore. 

The scrip opened on Wednesday at Rs 11.11 and touched a high and low of Rs 11.45 and Rs 11.11, respectively. Its 52-week high stood at Rs 15.83 whereas its 52-week low was Rs 06.27. The current market cap of the company is Rs 1,570.25 crore. Promoters hold 47.62 per cent, whereas Institutional and non-institutional holdings are 40.95 and 11.42 per cent respectively.     

A member of the multibillion-dollar Shriram Group, which has its headquarters in Chennai, India, is Shriram EPC. The Group, which was founded in the 1970s, is currently one of India's biggest financial services networks and has a significant stake in the truck and consumer finance industries. The Group has expanded into a variety of industries, including project planning, software, insurance, pharmaceuticals, and automobile components. Company Incorporated to engage in the engineering, procurement, and construction industries, Shriram EPC now offers a one-stop shop for all engineering needs, including multidisciplinary design, engineering, procurement, construction, and project management.