SEPC Limited has reached a major breakthrough in its long-running arbitration matter with Hindustan Copper Limited (HCL). The company confirmed that a Settlement Deed has been formally executed, bringing closure to the inter-se claims and counterclaims involved in Case No. AP No.163 of 2023.
The agreement, dated 8 December 2025, paves the way for a full and final settlement, ensuring both sides put an end to the ongoing arbitration proceedings. As part of the settlement terms, SEPC will receive ₹30,44,80,495, marking a significant recovery for the company.
Beyond resolving the dispute, the development also opens fresh business avenues. HCL has agreed to issue a supplementary work order valued at ₹72,54,57,640 for the ongoing vertical shaft sinking project, strengthening SEPC’s project pipeline and visibility.
