June 8, 2018 / 4:09 AM / 2 months ago

BUZZ-India's Shriram EPC gains on strong March-qtr results

** Shares of Shriram EPC Ltd climb as much as 10.5 pct to 20.50 rupees, highest since June 1

** Construction engineering co on Thursday posted March-qtr profit of 8.7 mln rupees on standalone basis, compared with a loss of 122.5 mln rupees a year earlier

** Total expenses nearly halved to 1.48 bln rupees

** Co said it recently resolved a dispute with a customer in Basra, Iraq because of which order worth $230 mln was restored to co’s JV

** Order will be executed by JV in partnership with an Iraqi company over next 3 years

** More than 358,000 shares change hands, compared with 30-day avg of 243,000

** As of Thursday, stock had fallen 41.9 pct this year

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