NSEPress Release5d ago · 9 Oct 2026, 01:10 pm
Press Release
SEPC Limited · SEPC
✦ AI Summary▲ PositiveOrder Win
SEPC Limited has announced the signing of a ₹854.57 Crore contract with SAIL-IISCO Steel Plant for the Pellet Plant BOP including Civil & Structural works. The contract follows a Letter of Acceptance received by the Company from SAIL-ISP in August 2026. SEPC's consolidated order book has crossed the ₹10,000 Crore mark, providing strong multi-year revenue visibility.
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Full Announcement
We hereby informed the Exchange of the press release titled "SEPC Limited MD Signs Rs. 854.57 Crore Contract with SAIL-IISCO Steel Plant at Contract Signing Ceremony in Burnpur; Consolidated Order Book Crosses Rs. 10,000 Crores". Detailed letter is enclosed.
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October 9th, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, 14th Floor, P.J. Towers,
Bandra-Kurla Complex, Dalal Street,
Mumbai-400051 Mumbai-400 001
SYMBOL: SEPC Scrip Code: 532945
Sirs,
Sub: Press Release – “SEPC Limited MD Signs ₹854.57 Crore Contract with
SAIL-IISCO Steel Plant at Contract Signing Ceremony in Burnpur;
Consolidated Order Book Crosses ₹10,000 Crore”
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed
herewith the press release titled “ SEPC Limited MD Signs ₹854.57 Crore Contract
with SAIL-IISCO Steel Plant at Contract Signing Ceremony in Burnpur;
Consolidated Order Book Crosses ₹10,000 Crore”.
The said press release will be simultaneously posted on the Company’s website
Company https://www.sepc.in/Regulation-30-and-other-intimations-to-stock-
exchanges.aspx
We request you to take the same on record.
Thanking you,
Yours faithfully,
For SEPC Limited
T. Sriraman
Company Secretary
Encl.: a.a
SEPC Limited MD Signs ₹854.57 Crore Contract with SAIL-IISCO Steel Plant at
Contract Signing Ceremony in Burnpur; Consolidated Order Book Crosses
₹10,000 Crore
Chennai, October 09, 2026: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC company with
established expertise in industrial infrastructure, process plants, water and wastewater management,
has announced the signing of the Contract Agreement with Steel Authority of India Limited (SAIL) for
the Pellet Plant BOP including Civil & Structural works (Pellet Plant Package-2) at SAIL-IISCO Steel
Plant (ISP), Burnpur, West Bengal. The contract, with a project value of ₹854.57 Crore, was formally signed
on October 8, 2026, and follows the Letter of Acceptance received by the Company from SAIL-ISP in August
2026.
The Contract Agreement was signed at SAIL-IISCO Steel Plant, Burnpur, by Mr. Praveen Kumar, Executive
Director (Projects), on behalf of SAIL-ISP, and Mr. Venkataramani Jaiganesh, Managing Director, on
behalf of SEPC Limited. The signing took place in the presence of Mr. Surajit Mishra, Director In-charge,
Durgapur Steel Plant and IISCO Steel Plant, Burnpur, Mr. V.K. Singh, Executive Director (Works), Mr.
Jitendra Kumar, Executive Director (Personnel), Mr. Arvin Chandra Goyal, Chief General Manager
(Projects), and senior officials of SAIL-ISP.
The package forms part of SAIL-ISP's 4.08 MTPA Crude Steel Expansion at Burnpur and will be executed
on a divisible turnkey basis. Of the total Contract Price of ₹951.60 Crore, Input Tax Credit of ₹97.04 Crore is
to be passed on to SAIL, resulting in a net value of ₹854.57 Crore. The facilities are to be commissioned
within 32 months from the effective date of the contract, September 3, 2026. M. N. Dastur & Company
Pvt. Ltd. is the Engineering and Construction Management Consultant, and MECON Limited is the
Procurement and Contract Engineering Services Consultant for the project.
SEPC's consolidated order book has crossed the ₹10,000 Crore mark, over nine times the Company's
FY26 Total Income of ₹1,085.8 Crore. This milestone provides strong multi-year revenue visibility and
reinforces SEPC's growing presence in large-scale industrial EPC.
Commenting on the update, Mr. Venkataramani Jaiganesh, Managing Director, SEPC Limited, said:
“The signing of the Contract Agreement with SAIL-IISCO Steel Plant formalises one of the most
significant industrial projects in our portfolio. We thank the SAIL-ISP leadership for their continued
confidence in SEPC. The Burnpur expansion is an important part of India's steel capacity growth, and we
are proud to contribute to it. Our focus now is on execution, and we are committed to delivering this
package within the stipulated timeline with the highest standards of quality and safety. Crossing
₹10,000 Crore in consolidated order book is a defining milestone for SEPC. It gives us strong revenue
visibility for the coming years and the confidence to pursue larger and more complex opportunities
across the industrial and infrastructure sectors.”
About SEPC Limited
SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey
solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company
specializes in the design, procurement, construction, and commissioning of large and complex
infrastructure projects across India.
SEPC serves a wide range of clients, including Central and State Government agencies, and continues to
play a key role in India's infrastructure development.
In FY26, the Company delivered Total Income of ₹1,085.8 Cr, EBITDA of ₹108.9 Cr, and Net Profit of ₹53.5
Cr, against Total Income of ₹646.0 Cr in FY25, with Net Profit more than doubling over the previous
year.
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such
forward-looking statements are subject to certain risks and uncertainties like government actions, local,
political or economic developments, technological risks, and many other factors that could cause actual
results to differ materially from those contemplated by the relevant forward-looking statements. The
Company will not be in any way responsible for any action taken based on such statements and
undertakes no obligation to publicly update these forward-looking statements to reflect subsequent
events or circumstances.