SEPC shares opened at ₹6.55 apiece on Thursday, as compared to the previous close of ₹6.32 on Wednesday, marking a 4% intraday surge following the announcement of a significant contract win. According to the latest exchange filing, the civil construction firm secured a Letter of Acceptance (LoA) worth ₹854.57 crore for a Pellet Plant Balance of Plant (BOP) package from Steel Authority of India (SAIL). The order includes civil and structural works for the 4.08 million tonnes per annum (mtpa) capacity expansion of SAIL-IISCO Steel Plant at Burnpur. As per the exchange filing, the contract is valued at ₹854.57 crore (net of input tax credit) and covers the execution of Pellet Plant BOP package, including civil and structural works under the expansion project.
The order is expected to be completed within 32 months from the effective date of the contract. The effective date will be the date of signing of the contract or 30 days from the date of Letter of acceptance (LOA), whichever is earlier. R. K. Gautam, AGM (projects), will serve as the project manager from SAIL-IISCO Steel Plant for execution of the works as per the terms and conditions of the contract. According to the exchange filing, as part of the contract conditions, SEPC will be required to furnish a performance bank guarantee (PBG) of about ₹47.58 crore within 30 days of signing the contract. The order will be executed as per the terms and conditions of SAIL's tender issued on October 10, 2025, along with the corrigendum dated November 25, 2025, and the agreed commercial and technical deviations.
Venkataramani Jaiganesh, Managing Director of SEPC Limited, expressed his satisfaction with the new order, stating that this reflects confidence in the company's engineering expertise and execution capabilities. As reported by Live Mint, Jaiganesh emphasized that the order reinforces SEPC's position in the industrial EPC segment and highlights continued client confidence in the company's engineering capabilities. The order supports SEPC's diversified portfolio spanning industrial infrastructure, water and wastewater management, roads, and mining sectors, with the company delivering complex projects successfully for both government and private sector customers.
This latest contract follows SEPC's securing of a ₹673 crore order from SAIL-IISCO Steel Plant (ISP), Burnpur for its 4.08 million tonnes per annum crude steel expansion project last month. The company's consistent order wins demonstrate its strong position in the steel sector infrastructure projects. As per the exchange filing, the company clarified that the order has been awarded by a domestic entity and that neither the promoter nor the promoter group has any interest in the entity awarding the contract.
According to Live Mint, SEPC reported strong financial results for FY26, with total income of ₹1,085.8 crore, EBITDA of ₹108.9 crore, and net profit of ₹53.5 crore. This marks a significant improvement over FY25, when the company posted total income of ₹646 crore with net profit more than doubling year-on-year. As of the latest trading session, SEPC shares have gained 12.31% in a week but have slipped 0.61% in a month. The stock has fallen 34.37% on year-to-date basis and 43.41% in a year, with the broader trend showing the stock dropping over 51% in three years while surging 32% in five years.
