Multibagger Penny Stock Under Rs 20 Receives Five Orders Worth Rs 756 Million from Lauren Engineers & Constructors INC, United Arab Emirates
From Rs 11.15 (52-week low) to Rs 15.16 per share; the stock is up 41.3 per cent and gave multibagger returns of over 500 per cent in 5 years.
On Wednesday, shares of SEPC Ltd gained 6.31 per cent to Rs 15.16 per share from its previous closing of Rs 14.26 per share. The stock’s 52-week high is Rs 31.59 per share and its 52-week low is Rs 11.15 per share.
SEPC Ltd's wholly owned subsidiary, SEPC FZE, located in Sharjah, UAE, has been awarded a significant international contract by Lauren Engineers & Constructors INC from the United Arab Emirates. This order, valued at USD 8.9 Million (equivalent to INR 756 Million), involves the construction, supply, and installation of four units of 45,000-liter capacity steel tanks. The project's execution, including commissioning, is expected to be completed within 15 months and will take place in Fujairah, United Arab Emirates.
Earlier, the company has been awarded five orders by Bajaj Energy Private Limited, a domestic entity, for a total value of Rs 18,00,00,000 (One Hundred and Eighty Million Rupees only). These orders are for Operation & Maintenance Services for Bajaj Energy's two 45 MW power plants located at Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula, and Kundarki in Uttar Pradesh. Each order has an execution period of 12 months, with services confirmed to commence from May 14, 2025.
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About the Company
Shriram EPC Ltd (SPEC) is a leading service provider of integrated design, engineering, procurement, construction, and project management services for water and wastewater treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing. Domestic Institutional Investors (DIIs) own a 25.16 per cent stake in the company and the majority of DIIs are Punjab National Bank (PNB), Central Bank of India, The South Indian Bank, Axis Bank, Bank of India (BOI), IndusInd Bank, Union Bank of India (UBOI), Bank of Baroda (BOB) and The Federal Bank Ltd.
SPEC has a market cap of over Rs 2,900 crore. From Rs 11.15 (52-week low) to Rs 15.16 per share; the stock is up 41.3 per cent and gave multibagger returns of over 500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.