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Shriram EPC Ltd has informed BSE that the Board of Directors at their meeting held on May 16, 2008, passed a resolution approving the Business Transfer Agreements in respect of transfer of the business of Manufacturing and Marketing of wind turbines of 250 kilowatt capacity to Leitner Shriram Manufacturing Ltd and Shriram Leitwind Ltd respectively, which requires approval of the members by an ordinary resolution through postal ballot as required under Section 192A of the Companies Ad, 1956.

Shriram EPC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2008, Mr. Sunil Varma has been inducted in the Board of the Company with effect from May 16, 2008.

Further, Major General A L Suri (Retd) has resigned from the Board with effect from May 16, 2008.

Further the Company has informed that, Mrs. Vathsala Ranganathan has resigned from the Board as Whole-time Director effective from May 16, 2008, but continues to be the Director from the Board of the Company as No-executive Director.

Shriram EPC Ltd has announced that it has been awarded multiple contracts amounting to Rs 120 crore. Details of the contracts are as under:

- Three orders from the Delhi Jal Board for Rs 77.00 Crore;

Shriram EPC Ltd, in joint venture with CPT Asia Holding Ltd, Hong kong has received three orders from the Delhi Jal Board (DJB) for the rehabilitation of trunk servers and combined value of all three orders is approximately Rs 77.0 crore. These sewers are going to be rehabilitated by trenchless technology through the application of CIPP liners. After rehabilitation, the carrying capacity of the sewers will be increased and the new liners will provide additional strength to the existing sewers, resulting in an increase in the longevity of the sewers.

- Order from the Delhi Jal Board for Rs 43 crore

Shriram EPC Ltd. in Joint venture with KMG Pipe Rehabilitation Emirates, L.L.C, Abu Dhabi has received an order from the Delhi Jal Board for the rehabilitation of the Ring Road trunk Sewer - Slice A amounting to Rs 43.0 crore. These sewers will be rehabilitated by trenchless technology through the application of a Spirally wound PVC liner supplied by Rib loc pty Ltd., Australia.

Commenting on the orders, Mr. T Shivaraman, Managing Director & CEO of Shriram EPC Ltd, said:

“The recent business wins further strengthen our order book which stood at Rs 2279.2 crore as of December 31, 2007. The new order traction is robust and demonstrates the strength of our technological collaborations and our operating excellence in our chosen areas of operations. We have been winning highly competitive business contracts on a sustained basis which gives us the confidence to maintain an optimistic view going forward. The operating environment also remains conducive which combined with our growth-drive points towards a strong outlook for the future”.