SEPC has received a purchase order from MOIL Limited, a Government of India undertaking, for a mining infrastructure project in Maharashtra. The total value of the order is ₹230 crore.
As per the disclosure, the order involves the designing, construction, furnishing, and equipping of the 3rd Vertical Shaft at Chikla Mine. The work will be executed on a turnkey basis. The contract has been awarded by a domestic entity and is classified as a domestic order.
The execution timeline for the project will be finalised mutually between SEPC and MOIL. The company has clarified that neither the promoter nor the promoter group has any interest in MOIL, and the transaction does not fall under related party transactions.
MOIL Limited is a public sector undertaking engaged in manganese ore mining, while the Chikla Mine is located in Maharashtra. The order adds to SEPC’s ongoing project portfolio in the infrastructure and engineering segment.
