SEPC shares surged sharply by over 13% in early trade after the company announced a major long-term mining partnership that significantly boosts its presence in India’s coal and infrastructure services space. As of 10:22 AM, the shares were trading 13.49% higher at Rs 10.35.
SEPC Limited informed stock exchanges that it has executed a Memorandum of Understanding (MoU) on December 14, 2025, with the JARPL-AT Consortium for the execution of a large-scale mining project awarded by South Eastern Coalfields Limited (SECL). The development was well received by investors, reflecting confidence in the company’s long-term growth prospects.
The JARPL-AT Consortium comprises Jai Ambey Roadlines Private Limited, which holds an 80% stake, and Avinash Transport with a 20% share. SEPC Limited will act as a strategic partner, supporting the consortium in executing the contract at the Rampur Batura Opencast Coal Mine located in the Sohagpur Area of Shahdol district, Madhya Pradesh.
The mining project has been awarded by South Eastern Coalfields Limited, a domestic coal producer and a subsidiary of Coal India Limited. The estimated contract value stands at approximately ₹3,300 crore, inclusive of GST, making it one of the significant long-term mining engagements in the sector.
As per the disclosure, the scope of work includes end-to-end surface mining operations such as excavation, loading, transportation and unloading of soil and coal, along with other allied mining activities. The contract is scheduled to be executed over a period of 3,652 days, which translates to nearly ten years, ensuring strong long-term revenue visibility for the participating entities.
SEPC Limited also clarified that neither its promoter group nor any group companies have any interest in South Eastern Coalfields Limited. The transaction does not fall under related-party transactions and has been undertaken on an arm’s-length basis.
