SEPC | Business Upturn

SEPC announces cancellation of LOI by TCIL

Aman Shukla — Tue, 03 Mar 2026 14:41:40 +0000

Engineering and infrastructure company SEPC Limited has informed stock exchanges that Telecommunications Consultants India Limited (TCIL) has cancelled a previously issued Letter of Intent (LOI).

In a regulatory filing dated March 03, 2026, SEPC stated that it received communication from Telecommunications Consultants India Limited confirming the cancellation of the LOI that was originally awarded on February 07, 2026.

The company had earlier intimated the exchanges about receiving the Letter of Intent from TCIL. However, as per the latest communication, the public sector enterprise has now formally withdrawn the proposed engagement.

SEPC said it is taking appropriate steps in the matter and will inform stock exchanges of any material developments in accordance with the disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing did not disclose specific reasons for the cancellation of the LOI. Further updates are expected if there are any significant developments related to the matter.

SEPC bags LOI worth Rs 313.96 crore for smart prepaid metering project in Punjab

Aman Shukla — Tue, 10 Feb 2026 04:23:44 +0000

SEPC EPC Limited (NSE: SEPC | BSE: 532945), one of India’s established Engineering, Procurement and Construction (EPC) players, has received a Letter of Intent (LOI) for a major smart metering project in Punjab. The order has been awarded by Telecommunications Consultants India Limited (TCIL), a Government of India enterprise, under the Revamped Distribution Sector Scheme (RDSS).

The project involves the implementation of a Smart Prepaid Metering system in Punjab’s Central Zone and will be executed on a Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis. SEPC will carry out the project in consortium with Adya Smart Metering Private Limited. The total project value stands at ₹313.96 crore, marking another meaningful addition to SEPC’s order book.

Under the scope of work, SEPC will be responsible for the end-to-end execution of advanced metering infrastructure, including design, deployment, system integration, commissioning, and long-term operation and maintenance. The project will be implemented for Punjab State Power Corporation Limited (PSPCL) in line with the tender conditions and RDSS guidelines. Payments will be made on a back-to-back basis and will be linked to clearly defined monthly, quarterly, and annual milestones following the Go-Live phase.

From a strategic perspective, the LOI strengthens SEPC’s momentum in the power distribution and smart metering space, a segment that continues to attract strong policy support. The DBFOOT model is expected to enhance long-term revenue visibility through annuity-style cash flows, while also improving the company’s exposure to technology-driven infrastructure projects.

SEPC bags Rs 230 crore turnkey mining project from MOIL at Chikla Mine, Maharashtra

Aman Shukla — Mon, 29 Dec 2025 03:49:55 +0000

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.

SEPC secures Rs 269.69 crore railway infrastructure order for Ajmer–Chanderiya Doubling Project from VPRPL

Aman Shukla — Tue, 16 Dec 2025 04:01:41 +0000

SEPC Limited has announced that it has been awarded a significant sub-contract for a railway infrastructure project, strengthening its presence in India’s core infrastructure segment. The company has received a Purchase Order from Vishnu Prakash R Punglia Limited for works related to the Ajmer–Chanderiya Doubling Project under the Ajmer Division of North Western Railway.

The total value of the order stands at ₹269.68 crore, making it one of the notable project wins for SEPC in the railway infrastructure space. The contract has been awarded on a domestic basis and involves execution of railway infrastructure works as part of the ongoing capacity expansion initiative of Indian Railways.

According to the company’s disclosure, the project is to be executed within a period of 24 months from the date of issuance of the Letter of Acceptance by the concerned railway department, or within any extended timeline approved by the authorities. This provides SEPC with clear revenue visibility over the medium term.

SEPC shares rally sharply over 13% after entering into Rs 3,300 crore mining consortium project

Aman Shukla — Mon, 15 Dec 2025 04:51:30 +0000

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.

SEPC enters into massive Rs 3,300 crore mining consortium project

Aman Shukla — Mon, 15 Dec 2025 04:47:49 +0000

SEPC Limited has entered into a major long-term mining partnership that significantly strengthens its presence in India’s coal and infrastructure services space. The company informed stock exchanges that it executed a Memorandum of Understanding on December 14, 2025, with the JARPL-AT Consortium for the execution of a large-scale mining project awarded by South Eastern Coalfields Limited.

The consortium comprises Jai Ambey Roadlines Private Limited, which holds an 80 percent stake, and Avinash Transport with a 20 percent share. SEPC Limited will participate in the project 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 project has been awarded by South Eastern Coalfields Limited, a domestic coal producer under Coal India Limited, and carries an estimated contract value of around ₹3,300 crore, inclusive of GST. The scope of work covers end-to-end surface mining operations, including 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 is roughly ten years from the date of contract execution, providing long-term revenue visibility. SEPC Limited has clarified that neither its promoter group nor any group companies have any interest in South Eastern Coalfields Limited, and the transaction does not fall under related-party transactions.

SEPC executes settlement deed with Hindustan Copper; To receive Rs 30.44 crore and secure Rs 72.54 crore supplementary work order

Aman Shukla — Wed, 10 Dec 2025 04:24:15 +0000

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.

SEPC shares jump over 2% as JV secures Rs 86 crore airport development project in Bihar

Aman Shukla — Wed, 10 Dec 2025 03:45:04 +0000

SEPC Limited saw its stock gain more than 2% after announcing a major project win that further strengthens its footprint in India’s infrastructure sector. The Engineering, Procurement and Construction specialist has secured a Letter of Award valued at ₹86 crore for the development of a new civil enclave at Bihta Airport in Patna, Bihar.

The project has been awarded to the SEPC–Furlong Joint Venture by JSC IA Vozrozhdenie India Private Limited. It represents a significant addition to SEPC’s growing aviation EPC portfolio, which has been expanding alongside the country’s rising demand for modern airport infrastructure.

Under the contract, the joint venture will handle the complete development of the upcoming Bihta Airport civil enclave. The scope ranges from constructing an integrated terminal building and utility facilities to developing an elevated road, managing electro-mechanical systems, deploying advanced airport technologies, and installing IT and security systems. The award also includes long-term maintenance and operational support, positioning SEPC as a comprehensive infrastructure partner rather than just an EPC contractor.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

SEPC led JV bags order worth Rs 86 crore for development of Bihta Airport Civil Enclave in Patna

Aman Shukla — Tue, 09 Dec 2025 11:09:42 +0000

SEPC Limited (NSE: SEPC | BSE: 532945), a well-established Engineering, Procurement and Construction company with a diverse presence across water management, municipal services, roads, industrial infrastructure, and mining, has announced a significant project win. The SEPC–Furlong Joint Venture has received a Letter of Award worth ₹86 crore from JSC IA Vozrozhdenie India Private Limited for developing a new civil enclave at Bihta Airport in Patna, Bihar.

The project marks an important expansion of SEPC’s aviation-related EPC portfolio. It covers the complete development of the new airport enclave, including an integrated terminal building, utility structures, an elevated road, electro-mechanical works, advanced airport systems, IT infrastructure and security installations. The scope also includes long-term maintenance and operational support, reinforcing SEPC’s role as a full-stack infrastructure partner.

For SEPC, this award reflects its strengthening footprint in India’s fast-growing infrastructure sector. The company has been steadily widening its project base across the country and internationally, with recent wins in water infrastructure, mobility projects, industrial EPC and mining. The Bihta Airport project adds further momentum to that growth, positioning SEPC as a key contributor to India’s transport and aviation development plans.

SEPC shares jump over 2% as SEPC-Furlong JV wins Rs 86 crore Bihta Airport project

Aman Shukla — Mon, 08 Dec 2025 04:06:21 +0000

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.

SEPC-Furlong JV wins Rs 86 crore contract for Bihta Airport Civil Enclave Development

Aman Shukla — Mon, 08 Dec 2025 03:37:54 +0000

SEPC Limited has announced that its unincorporated joint operation, SEPC-Furlong JV, has secured a major project valued at ₹86 crore for the development of the New Civil Enclave at Bihta Airport in Bihar. The company shared the update in a regulatory filing under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, highlighting the significance of this new work order.

According to the company, the Letter of Award formally appoints SEPC-Furlong JV as the service provider for the upcoming civil enclave project at Bihta. This development marks an important milestone for SEPC as it continues to strengthen its project execution portfolio across India’s growing aviation infrastructure sector.

The awarded work will be governed entirely by the terms and conditions laid out in the forthcoming Service Agreement, which SEPC stated will be shared with the joint venture in due course. While specific project timelines and scope details will be clarified in the agreement, the order itself reflects the increasing pace of infrastructure expansion at Bihta, which is expected to evolve into a key aviation hub for Bihar.

SEPC shares jump over 2% after UAE subsidiary bags Rs 85 crore EPC contract for ADOC Project

Aman Shukla — Fri, 28 Nov 2025 03:50:07 +0000

SEPC shares edged higher by more than 2% after the company revealed that its UAE-based subsidiary, SEPC FZE, has won a significant EPC subcontract valued at AED 35 million, which roughly translates to ₹85 crore. The project marks another major milestone for SEPC as it deepens its operational presence in the Middle East’s energy infrastructure space.

The contract has been awarded by Lauren Middle East Engineering Construction L.L.C., and the work forms an important part of the Abu Dhabi Oil Company (ADOC) development framework. The upgrade will be executed at Mubarraz Island, where SEPC FZE will be responsible for a complete enhancement of mission-critical safety and utility systems. This includes installing a new Emergency Shutdown (ESD) system, setting up a dedicated Nitrogen Generation Unit, and deploying an advanced Public Address and General Alarm (PAGA) System to support seamless operations in a high-risk oil and gas environment.

According to the company’s announcement, the project timeline extends until December 2026, giving SEPC a long runway of execution visibility. It will involve detailed engineering, instrumentation modifications, specialized manpower deployment, and integration of safety-critical equipment that is crucial for maintaining oil and gas continuity in offshore conditions. The payment terms follow a milestone-based approach, with disbursements beginning sixty days after invoice approval and monthly progress documentation.

SEPC bags order worth Rs 32.63 crore from Avenir International for ADNOC projects in Abu Dhabi

Aman Shukla — Mon, 29 Sep 2025 03:41:37 +0000

SEPC Limited has announced that it has been awarded a new international work order from Avenir International Engineers and Consultants LLC, Abu Dhabi. The contract is for the provision of engineering services for various ADNOC projects, with a total consideration valued at AED 13.5 million, which translates to approximately ₹32.63 crore at current exchange rates.

The agreement positions SEPC as a subcontractor to provide specialized engineering solutions for ADNOC’s upcoming projects in the energy sector. While the detailed schedule and timelines for execution will be shared by the counterparty, the scope of work will cover critical engineering service requirements for ADNOC’s operations.

According to the company’s disclosure, the order has been awarded by an international entity and does not fall under related party transactions. SEPC also confirmed that its promoter group and group companies have no interest in the awarding entity, Avenir International Engineers and Consultants LLC.

SEPC shares surge over 2% after winning Rs 75 crore construction materials order

Aman Shukla — Wed, 24 Sep 2025 04:00:09 +0000

SEPC Limited (SEPC) shares jumped more than 2% today following the announcement of a major purchase order from Gefos Solutions Private Limited. As of 9:29 AM, the shares were trading 2.24% higher at Rs 13.25.

The order, valued at Rs. 75,19,78,000 (Rupees Seventy-Five Crores Nineteen Lakhs and Seventy-Eight Thousand only), covers the supply of construction materials for four key infrastructure projects, primarily focusing on residential buildings.

The contract is expected to be executed over 8 to 9 months, underscoring SEPC Limited’s capability in managing large-scale infrastructure projects within stipulated timelines. The project involves the supply and delivery of construction materials across multiple sites, further strengthening the company’s position in the domestic construction sector.

SEPC Limited clarified that neither the promoter/promoter group nor its group companies have any interest in Gefos Solutions, confirming that the transaction is not a related party transaction.

SEPC secures major Rs 75 crore contract from Gefos Solutions for four infrastructure projects

Aman Shukla — Wed, 24 Sep 2025 03:37:03 +0000

SEPC Limited has announced that it has been awarded a significant purchase order by Gefos Solutions Private Limited for the supply of construction materials. The total value of the contract stands at Rs. 75,19,78,000 (Rupees Seventy-Five Crores Nineteen Lakhs and Seventy-Eight Thousand only). This project encompasses four infrastructure developments, primarily focusing on residential buildings.

The order is to be executed over a period of 8 to 9 months, highlighting SEPC Limited’s continued strength in delivering large-scale infrastructure solutions within stipulated timelines.

This contract was awarded by a domestic entity, and it involves the supply and delivery of construction materials across multiple project sites. SEPC Limited has confirmed that neither the promoter/promoter group nor its group companies have any interest in Gefos Solutions, ensuring that the transaction is not a related party transaction.

SEPC secures work order worth Rs 442.8 crore for major lift irrigation project

Aman Shukla — Mon, 22 Sep 2025 04:20:32 +0000

SEPC Limited, a leading Engineering, Procurement, and Construction (EPC) company with a strong presence across water and municipal services, roads, industrial infrastructure, and mining sectors, has secured a major work allocation order worth ₹442.8 crore.

The order was awarded by the Chief Engineer, Irrigation, Generation, Water Resources Department, Dehri – 821307, for the execution of the Jamaniyan to Kakrait Gangajal Lift Irrigation Scheme in Kaimur district under the Zamanian Pump Canal Division, Mohania.

Part of the Pragati Yatra initiative, this project aims to improve water management and irrigation facilities in the region. With an execution timeline of 24 months, the contract reinforces SEPC Limited’s proven expertise in delivering large-scale water infrastructure projects and is expected to significantly enhance irrigation capabilities, benefiting local agriculture and water resources.

The project is expected to play a crucial role in improving water availability for agriculture, supporting farmers, and boosting socio-economic growth in the Kaimur district.

SEPC secures Rs 650 crore solar EPC contract from Parmeshi Urja

Aman Shukla — Thu, 12 Jun 2025 10:25:46 +0000

SEPC Limited (NSE: SEPC | BSE: 532945), a leading player in the Engineering, Procurement, and Construction (EPC) space, has been awarded a prestigious contract worth ₹650 crore by Parmeshi Urja Ltd, a Kolkata-based subsidiary of India Power Corporation Limited.

The project entails the full EPC scope — including Design, Engineering, Supply, Installation, Testing, and Commissioning — of a 133 MW Solar Power Project. The solar infrastructure will be spread across four key districts in Maharashtra: Sambhaji Nagar, Dhule, Solapur, and Nanded. This green energy initiative falls under the Government of India’s PM-KUSUM Yojana, which aims to boost solar adoption for agricultural and rural development.

With an estimated execution timeline of 12 to 18 months, the project is a strategic leap for SEPC, marking its return to the renewable energy sector. The company, known for its past projects in Wind, Biomass, and Thermal power, is poised to deliver high-quality, large-scale infrastructure solutions.

This major order almost doubles SEPC’s domestic order book and strengthens its portfolio across the renewable energy domain. It also reinforces SEPC’s commitment to supporting India’s clean energy mission and showcases its expertise in executing technically complex infrastructure projects across multiple regions.

SEPC shares gain 5% after Rs 650 crore solar project win in Maharashtra

Aman Shukla — Thu, 12 Jun 2025 04:09:38 +0000

SEPC shares rose 5% in early trade on June 12, 2025, following the announcement of a major ₹650 crore EPC contract win from Parmeshi Urja Limited. The Kolkata-based energy firm has awarded SEPC the responsibility for executing a 133 MW AC solar power project across 26 locations in four districts of Maharashtra. As of 9:37 AM, the shares were trading 5.74% higher at Rs 14.55.

The Letter of Award (LOA) was officially received by SEPC on the evening of June 10. This contract marks a significant step forward for the company in expanding its footprint in India’s renewable energy sector.

Under the agreement, SEPC will handle full Engineering, Procurement, and Construction (EPC) duties, covering all aspects of infrastructure development for solar energy generation. The project is classified as a domestic assignment and aligns with the government’s broader push toward clean energy adoption.

Execution timelines for each site will be finalized through individual kick-off meetings. The large-scale project is expected to boost SEPC’s order book and enhance its profile as a key player in the green energy space.

SEPC shares opened at ₹15.00 and touched the same mark as the intraday high, while the low was recorded at ₹14.35. The stock continues to show limited movement in early trade. Over the past year, SEPC has seen a 52-week high of ₹31.53 and a low of ₹11.19.

SEPC secures Rs 650 crore EPC contract for 133 MW solar project in Maharashtra

Aman Shukla — Wed, 11 Jun 2025 10:14:54 +0000

SEPC Limited has been awarded a significant Engineering, Procurement, and Construction (EPC) contract worth ₹650 crore by Parmeshi Urja Limited, based in Kolkata. The contract involves the execution of a 133 MW AC solar power project across 26 locations spread over four districts in Maharashtra, India.

The Letter of Award (LOA) was officially received by SEPC on the evening of June 10, 2025. This marks a major milestone for SEPC as it continues to strengthen its presence in India’s renewable energy sector. The project is classified as a domestic assignment and includes full EPC responsibilities for solar power infrastructure development.

The execution timeline for the project will be finalized during kick-off meetings held at each site location. This large-scale renewable energy initiative highlights SEPC’s growing capabilities and commitment to supporting India’s green energy goals.

In the meantime, SEPC Ltd. witnessed a volatile trading session on June 11, 2025, with the stock eventually closing at ₹13.86, marking a notable recovery from the day’s low of ₹13.37. The stock opened the session at ₹13.39 and surged to an intraday high of ₹15.18 before giving up some gains. Despite the day’s strong upward move, SEPC continues to trade significantly below its 52-week high of ₹31.53.

SEPC subsidiary secures USD 8.9 million contract for steel tank construction in UAE

Aman Shukla — Wed, 28 May 2025 04:59:59 +0000

SEPC FZE, the wholly owned subsidiary of SEPC based in Sharjah, UAE, has secured a significant international contract from Lauren Engineers & Constructors INC.

The agreement entails the construction, supply, and installation of four high-capacity steel tanks, each with a storage capacity of 45,000 litres. The total value of the contract is USD 8.9 million, which is approximately INR 756 million.

This project will be executed in Fujairah, United Arab Emirates, and marks a notable expansion of SEPC FZE’s presence in the region. The execution period for the project is set at 15 months from the commencement date, and includes all phases up to commissioning.

In the meantime, SEPC shares opened at ₹14.35, and, at the time of writing, reached a high of ₹14.77 and a low of ₹14.30 today. The stock remains well below its 52-week high of ₹31.53, though still above the 52-week low of ₹11.19.

SEPC secures Rs 18 crore O&M contracts for power plants in Uttar Pradesh

Aman Shukla — Thu, 15 May 2025 04:19:52 +0000

SEPC has recently informed exchanges that the company received five orders from Bajaj Energy Private Limited for the operation and maintenance of their 2 x 45 MW power plants located across five sites in Uttar Pradesh — Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula, and Kundarki. The total value of these orders stands at approximately Rs. 18 crore.

These contracts involve providing comprehensive operation and maintenance services for the mentioned power plants. The execution period for each of these orders is 12 months, with work scheduled to commence from May 14, 2025, following confirmation from Bajaj Energy.

In the exchange filing, the company shared, “We have been awarded Five (05) Orders (Order Nos. 1100003621, 1100003625, 1100003623, 1100003629 & 1100003627) from M/s. Bajaj Energy Private Limited for Operation & Maintenance Services for their 2 x 45 MW Power Plants at Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula & Kundarki plants at Uttar Pradesh for total order value of Rs.180000000/- (Rupees One Hundred and Eighty Millions only). The execution period for these Orders is 12 Months each and we have received the confirmation from M/s. Bajaj Energy Private Limited to proceed from14-05-2025.”

Bajaj Energy Private Limited, a domestic company, has entrusted SEPC with these responsibilities as part of its ongoing efforts to ensure efficient performance and management of its energy assets in the region.

SEPC shares jump 14% after signing framework agreement worth Rs 2,200 crore in Saudi Arabia

Aman Shukla — Wed, 12 Mar 2025 04:27:33 +0000

SEPC stock soared 14% after the company secured a significant Framework Agreement with ROSHN Group in Riyadh, Saudi Arabia. This agreement positions SEPC to undertake major infrastructure projects in the Kingdom, boosting investor confidence.

SEPC has submitted bids for infrastructure development in three zones of Jeddah North, Phase 1A, valued at SAR 893 million (approx. INR 2,200 crores). The agreement enables SEPC to receive Call-off Orders, ensuring a minimum allocation of work in at least one zone.

In the exchange filing, the company shared, “SEPC has executed a Framework Agreement with M/s ROSHN Group Company, Riyadh, Kingdom of Saudi Arabia (KSA) to carry out infrastructure works in KSA. SEPC has bid for infrastructure works in 3 zones of Jeddah North, Phase 1A for about SAR 893 million (approx. INR 2200 crores). Based on signing of Framework Agreement, orders (Called – Call-off Orders) can be expected for a minimum of one zone, out of the three Zones.”

SEPC shares opened at Rs 12.90, reaching a high of Rs 14.72 and a low of Rs 12.78 during the session. The stock is currently near its 52-week low of Rs 12.02, significantly down from its 52-week high of Rs 33.45.

SEPC bags order worth Rs 183 crore from Government of Bihar

Aman Shukla — Tue, 10 Sep 2024 06:06:20 +0000

SEPC has recently informed exchanges that the company was awarded a work order for Rs 183 crore from the Irrigation Division, Govt. Of Bihar.

Here are the key details of the contract:

Total Contract Value: ₹183 crore
Awarding Entity: The Executive Engineer, Irrigation Division, Bhabua, Bihar.
Significant terms and conditions of order: Detailed Survey & Investigation, Planning & Design, supplying all materials, labours, equipment & machineries, Construction, execution & Installation, Testing, commissioning within 12 months along with successful Trial run period of 3 months and comprehensive Operation and Maintenance for 60 months after successful Trial run of Providing Drinking Water to Bhabhua and Mohania Town Under Jal-Jeevan-Hariyali Abhiyan on Turn-key basis by utilizing surface water
Domestic or International: Domestic
Execution Timeframe: 12 Months for execution, 3 months for trial run and 60 months for Operation and Maintenance

SEPC shares hit fresh record high on Rs 232 crore contract

Markets Desk — Mon, 26 Aug 2024 06:49:18 +0000

SEPC, formerly known as Shriram EPC Ltd., saw its shares skyrocket to a record high on Monday after securing a lucrative contract worth Rs 232 crore from Hutti Gold Mines Ltd. The company’s shares surged 7.8% to a lifetime high of Rs 27.5 apiece on the NSE, before settling at Rs 26.39, a 3.5% gain, as of 10:59 a.m.

The contract, awarded for building a new circular shaft with winding installations at Hutti Gold Mines’ Raichur District site in Karnataka, was completed with a one-year warranty period. The final acceptance certificate from Hutti Gold Mines Ltd. was received by SEPC Ltd. on August 22, 2024, confirming the successful testing of all electrical, mechanical equipment, and systems.

This significant win has propelled SEPC Ltd.’s shares to new heights, with a 94% rise in the last 12 months and a 35% gain year-to-date. The stock’s trading volume has also seen a remarkable increase, standing at 9.9 times its 30-day average. The relative strength index currently stands at 73, indicating a strong uptrend.