Shriram EPC Subsidiary Wins Rs.75 Crore Order From Gail
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.
- (1888PressRelease) July 30, 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 announced that its subsidiary - Hamon Shriram Cottrell Pvt. Ltd (HSCL) has been awarded a contract amounting to Rs. 75 crore from the Gas Authority of India Ltd. (GAIL) for the construction of a Cooling Tower and Cooling Water Treatment Plant for the Pata petrochemical complex in Uttar Pradesh. The contract will be executed in 20 months.
HSCL specializes in the execution and construction of cooling towers and air pollution control systems and has positioned itself as one of the foremost suppliers in the business. It has been a pioneer in introducing new technology to the business and was responsible for the advent of fibreglass cooling towers in India. HSCL has also recently forayed into natural draft cooling towers. HSCL is a joint venture between Shriram EPC and the Hamon Group of Belgium.
Commenting on the contract, Mr. T. Shivaraman, Managing Director & CEO of Shriram EPC Limited, said, "This contract is another milestone for Hamon Shriram Cottrell as we aim to increase market share in the cooling tower solutions business in India. We are broadening our range of solutions to include air-cooled condensers and natural draft cooling towers amongst other products.
The opportunity for the business in India is vast as cooling towers serve to substantially decrease the operational costs of power plants. We expect power plant operators that aim to drive down costs to enlist HSC's ability and expertise in the segment, which will contribute to Shriram EPC's continued overall growth.
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