SEPC Limited has secured a major engineering, procurement and construction (EPC) contract worth ₹673.32 crore from the Steel Authority of India Limited (SAIL) for expansion works at the IISCO Steel Plant in Burnpur, further strengthening its presence in India’s growing industrial infrastructure sector. The project forms part of SAIL’s ambitious 4.08 million tonnes per annum crude steel expansion programme and represents one of SEPC’s largest order wins in the steel industry. The contract enhances the company’s order pipeline while reinforcing its capability to execute large and technically demanding industrial projects across the country.
The scope of work comprises two major packages. The first involves the Coke Oven Balance of Plant (COB-3) package, excluding civil and structural works, valued at ₹296.77 crore. The second package covers the Sinter Plant Balance of Plant (SP-2), including civil and structural works, with a contract value of ₹376.56 crore. Together, the projects have a total value of ₹673.32 crore, excluding taxes. Execution is scheduled over a period of 30 to 33 months, providing SEPC with long-term revenue visibility while expanding its portfolio of projects in the metals and process industries.
Managing Director Venkataramani Jaiganesh said the award reflects the confidence placed in SEPC’s engineering expertise and project execution capabilities by one of India’s leading steel producers. He noted that the order aligns with the company’s long-term strategy of increasing its presence in large industrial and infrastructure developments while capitalizing on the continued expansion of India’s steel manufacturing capacity.
India’s steel industry is witnessing significant investment driven by rising infrastructure spending, manufacturing growth and government-led development initiatives. Capacity additions and modernization projects are creating fresh opportunities for EPC companies with proven experience in executing complex industrial facilities. SEPC believes the latest contract positions the company to participate more actively in the country’s expanding industrial investment cycle while strengthening relationships with major public sector enterprises.
Formerly known as Shriram EPC Limited, SEPC has established itself as a diversified EPC company delivering turnkey solutions across water and wastewater treatment, industrial infrastructure, roads and mining projects. The company undertakes the complete lifecycle of engineering, procurement, construction and commissioning for large infrastructure developments across India.
The company’s recent financial performance reflects this growth trajectory. During FY26, SEPC reported total income of ₹1,085.8 crore, EBITDA of ₹108.9 crore and net profit of ₹53.5 crore, representing a substantial improvement over the previous financial year. The latest SAIL contract is expected to further strengthen the company’s execution pipeline and support sustained business growth as India’s industrial infrastructure investment continues to accelerate.
