SEPC Limited (NSE: SEPC | BSE: 532945) has received a Letter of Acceptance (LoA) from MOIL Limited, a Government of India enterprise, for the design, construction, and commissioning of a third vertical shaft at the Chikla Mine in Maharashtra. The order was awarded through a global tender, with SEPC emerging as the lowest bidder. The total contract value comprises ₹167.85 crore for domestic works and USD 36.52 lakh for imported plant and machinery, taking the overall project value to approximately ₹230 crore.
The scope includes complete turnkey execution covering engineering, civil construction, supply, installation, and commissioning of equipment. The project is expected to enhance mining infrastructure and improve operational efficiency at the Chikla Mine.
The order strengthens SEPC’s presence in the mining infrastructure segment and adds long-term visibility to its order book. The contract structure supports steady execution and contributes to predictable revenue generation.
Commenting on the order, Venkataramani Jaiganesh, Managing Director, SEPC Limited, said the project reflects continued confidence from public sector clients and highlights the company’s capabilities in executing complex mining infrastructure projects.
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.
