SEPC Limited (NSE: SEPC | BSE: 532945), a diversified Engineering, Procurement and Construction (EPC) company with operations spanning water and municipal services, roads, industrial infrastructure, and mining, has confirmed its participation in the Rampur Batura Opencast Coal Mine Project in Madhya Pradesh. The project is located in the Sohagpur coalfield area of Shahdol district and has been awarded by South Eastern Coalfields Limited.
SEPC has entered into formal agreements with Jai Ambey Roadlines Private Limited and Avinash Transport, who together comprise the JARPL–AT Consortium. The combined value of contracts under the engagement is approximately ₹3,299.51 crore, with the project expected to run for nearly ten years.
Under the agreed scope, SEPC will support the mining operations through the supply of materials, deployment of machinery and manpower, and the provision of project management and consultancy services, along with other associated activities defined within the contractual framework. The company’s role is structured to contribute across multiple phases of the mining lifecycle.
The association represents a significant addition to SEPC’s mining portfolio and provides exposure to a large, long-duration project. Structured on an asset-light and capital-efficient model, the engagement allows SEPC to participate in a high-value assignment while maintaining prudent capital allocation. The long tenure and clearly defined responsibilities are expected to enhance revenue visibility and strengthen portfolio stability.
Commenting on the development, Venkataramani Jaiganesh, Managing Director of SEPC Limited, said the project aligns with the company’s strategy of focusing on large-scale, long-term opportunities that offer predictable execution and sustained revenues. He added that the structure of the engagement enables SEPC to efficiently deploy its project management and execution expertise while reinforcing its diversified order book.
SEPC Limited, formerly known as Shriram EPC Limited, is an established EPC player delivering turnkey solutions across water and wastewater, roads, industrial infrastructure, and mining. The company undertakes end-to-end project execution, including design, procurement, construction, and commissioning, and serves a broad base of central and state government clients across India.
In the first half of FY26, SEPC reported consolidated total income of ₹455 crore, EBITDA of ₹54 crore, and net profit of ₹24.85 crore, reflecting steady operational performance. Notably, the net profit achieved in H1 FY26 has already exceeded the company’s full-year net profit for FY25. For the full year FY25, SEPC recorded revenue of ₹597.65 crore, EBITDA of ₹98.94 crore, and net profit of ₹24.84 crore. Achieving approximately 76 percent of FY25 revenue within the first six months of FY26 highlights accelerating business momentum and positions the company for stronger full-year results.
