SEPC shares moved over 2% higher today after the company announced that its unincorporated joint operation, SEPC-Furlong JV, has secured a significant new work order worth ₹86 crore for the development of the New Civil Enclave at Bihta Airport in Bihar. The update was shared through a regulatory filing under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
The Letter of Award officially appoints SEPC-Furlong JV as the service provider for the civil enclave project, which forms part of the ongoing push to expand aviation infrastructure in the state. For SEPC, this contract marks a meaningful addition to its project execution pipeline and reinforces its position in large-scale infrastructure development.
SEPC noted that the project will proceed strictly according to the terms and conditions outlined in the upcoming Service Agreement, which will be provided to the joint venture soon. While the detailed timeline and scope will be finalised in that agreement, the award itself underscores the growing momentum at Bihta Airport, which is poised to become a key aviation hub for Bihar.
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