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Shriram EPC bags Rs 61 cr Bangalore water supply order

New Delhi : Chennai-based Shriram EPC has bagged a water supply contract in Bengaluru. The Rs 61-crore contract has been awarded to the company under the Centre’s Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme and comes just weeks after it announced winning a similar water supply project in Chennai.

Shriram EPC said it has secured the contract for a water supply scheme to Robertsonpet (KGF) City from state-run Karnataka Urban Water Supply and Drainage Board.

The company will set up reverse osmosis (RO) filters and accessories in all wards in the city, provide distribution network from water treatment plant and maintenance for five years. The project is scheduled for completion in three years.

Last month, the Chennai Metropolitan Water Supply and Sewerage Board had awarded a contract to the company for providing comprehensive water supply scheme to Pallikaranai and Mugalivakkam areas of the city.

The Chennai project is to be executed over 24 months.

"Our proven track record continues to resonate well with our clients and our capabilities and technological collaborations ensure that we remain at the forefront in our chosen areas of operations", said Shriram EPC MD & CEO T Shivaraman recently.

The company had posted a net loss of Rs 41.85 crore on a consolidated total income from operations of Rs 94.45 crore for the quarter ended June 2016.

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