SEPC wins USD 230 mn project in Iraq
Shriram EPC Limited (SEPC), a leading service provider of integrated design for power plants, announced that it has been awarded an order amounting to USD 230 million, for the supply and laying of basic sanitary systems in Basra, Iraq in a joint venture with the Mokul Group of Companies.
The scope of work entails engineering, supply and installation of a primary sanitary sewer system, storm sewer system and trunk sewer system with connected pumping stations and road works.
Shriram EPC will oversee the laying of approximately 240 kms of Sewer Pipe Line, 160 kms of Storm Pipe Line and 8 KM of Trunk Sewer Pipe Line along with road works in the area. The project is scheduled for completion in 3 years.
T. Shivaraman, Managing Director and CEO of Shriram EPC Limited, said: "It is a sizeable order for our municipal services vertical and will result in sustained revenues over the 3 year execution period. This is also one of the first major public infrastructure projects in Southern Iraq which aims to improve basic infrastructure in the country.
"Successful execution of this contract would open up new opportunities for us in Iraq."