Shriram EPC.......a good buy cmp....Rs.128.45

Friends,
Shriram EPC is looking good to me.

Name :Shriram EPC
Code:532945
FV :10
Eq : 42.86 cr
CMP : 128.45
Website:http://www.shriramepc.com/


The name Shriram EPC gives you what it does.It is in Eng, Procurement and Const biz.....
It comes from a very wellknown Shriram gr .This gr has proved that they mean business.
Well,Shriram EPC has many diversified business.

The order book stood at Rs 2279.2 crore as of December 31, 2007. The new order traction is robust and demonstrates the strength of the technological collaborations and the operating excellence in the chosen areas of operations. They have been winning highly competitive business contracts on a sustained basis which gives them the confidence to maintain an optimistic view going forward. The operating environment also remains conducive which combined with growth-drive points towards a strong outlook for the future .
A co which is having an orderbook of Rs 2300 cr is going abegging at just Rs 128 .
Shriram EPC made a 52 week high of Rs 324 and made a low of Rs 99.
Seems value buying has started as it is up from Rs 99.


Mumbai, Maharashtra, India, Wednesday, June 25, 2008 -- (Business Wire India) -- --
Newly launched India Industrial Growth Fund�s first investment in the SME space--
Company will make next-generation GRP pipes to replace steel/concrete pipes--
GRP pipes are used in water and sewage, and on-ground oil and gas pipelines--
JV to combine Shriram EPC's client network and project management skills with SEPL's technology--
Shriram SEPL starting order book over INR 1.0 billion

Mauritius-based Frontline Strategy Ltd, a Fabiani Family Office-anchored asset management company with prime focus on private equity investments, today announced the first investment of its recently launched, second SME-specific, India Industrial Growth Fund, with a 26% equity stake in Shriram SEPL Composites Private Limited, a joint venture of Shriram EPC and Strategic Engineering Private Ltd.

Shriram SEPL will manufacture next generation glass fiber reinforced plastic (GRP) pipes, the internationally preferred alternative to steel and concrete pipes for water and sewage, and on-ground oil and gas pipelines.

Leveraging Shriram EPC's rich project experience and outstanding client network, Shriram SEPL starts with an order book of over INR 1.0 billion, which has been procured with the help of Shriram EPC.

Shriram SEPL will draw down on the technical expertise of Dr M Ramakrishnan, who was in charge of design, development, and production at SEPL, and brings several years of expertise in composite materials including pipes and high pressure vessels. Dr Ramakrishnan is an expert member of the Indian Standards (IS) Committee for evolving standards for high pressure composite cylinders and on plastic and composite pipes. The new company will also be able to leverage the over 30 years of domestic and international marketing and general management expertise of Mr T N Prasad, who is the Managing Director of SEPL. Between them, Dr Ramakrishnan and Mr Prasad have over 50 years of industrial and marketing experience.

COMMENT BY ATIM KABRA, MANAGING PARTNER, FRONTLINE STRATEGY

The investment in Shriram SEPL Composites is a continuation of Frontline Strategy's focus on investing in companies with global scope and capability, said Atim Kabra, Managing Partner, Frontline Strategy. �Shriram SEPL combines Shriram EPC's proven capability in industrial projects with SEPL's technology expertise to serve India's fast-growing infrastructure development sector, with its large demand for pipes for sewage and water lines.�

COMMENT BY T SHIVARAMAN, MANAGING DIRECTOR AND CEO, SHRIRAM EPC

Given Shriram EPC's significant presence in the municipal services sector, the addition of the GRP pipe manufacturing capacity will significantly strengthen Shriram EPC's product offering, said T Shivaraman, Shriram EPC's Managing Director and CEO. "We are happy to have Frontline as a long term investor in this company. This is in line with our philosophy of working with partners in our businesses. Such partnerships bring in people who can bring a different perspective to the business and act as a catalyst and sounding board for the operating team. We are very happy with our relationship with Frontline and look forward to building a significant player in this specialized field," Mr Shivaraman said.

COMMENT BY T N PRASAD, MANAGING DIRECTOR, SEPL

The new company Shriram SEPL will leverage the technology expertise and client references built up by SEPL over the last few years and Shriram EPC�s proven strengths in the areas of project sourcing and management, especially in municipal services, said SEPL Managing Director TN Prasad. "The long term partnership with Shriram EPC and Frontline Strategy will allow Shriram SEPL to also expand into newer segments, such as oil and gas, which have huge potential latent demand. We are confident that Shriram SEPL is well set to become the leading player in this fast-growing industry," Mr Prasad said.

ABOUT FRONTLINE STRATEGY

Founded in 2000, the Fabiani Family Office-anchored Frontline Strategy Limited (www.frontlinestrategy.com) is an asset management company with primary focus on private equity investments. The investment management team includes Atim Kabra, Supratim Basu, Sanjay Bhattacharya, and J Venkatadas, with a collective experience of over 100 years in public and private equity, banking, and company operations.Prominent investments of Frontline Strategy's first fund vehicle, Strategic Venture Fund (Mauritius) Ltd, include: CBay Systems & Services, Inc, an early-stage Frontline Strategy investment, and the largest provider of outsourced knowledge processing services for the global healthcare industry, after the acquisition of MedQuist, Inc; Astra Microwave Products Ltd, a manufacturer of high-end microwave and RF-based components for defense, space and civil telecom applications; Titagarh Wagons Ltd, India's leading private manufacturer of railway wagons; Alfa Transformers Ltd, a manufacturer of power, distribution and furnace (specialty) transformers; Shilpa Medicare Ltd, among India's leading specialty pharmaceutical manufacturers, primarily focusing on custom synthesis and oncology APIs.

ABOUT SHRIRAM EPC LIMITED

Shriram EPC Limited (NSE code: SHRIRAMEPC, BSE code: 532945) is among India's leading providers of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants, and municipal projects. The company also manufactures of 250 kW wind turbine generators (WTG). Shriram EPC is headquartered in Chennai with offices in Mumbai, New Delhi, Kolkata and Beijing, and WTG and cooling tower factories in Puducherry, Chennai and Umbergaon.

ABOUT STRATEGIC ENGINEERING PRIVATE LIMITED

Using in-house development and R&D, Strategic Engineering Private Limited (SEPL) manufactures composite glass fibre reinforced plastic (GRP) pipes and pressure vessels targeting India's fast-growing infrastructure development sector that has opened up a huge market for pipes, especially for sewage and water lines.

My comments:
I hope that all readers will take his own call and then buy so lateron they do not feel that I wanted to offload and hence I recomended it.......