SEPC Acquires 90% Stake in Avenir Abu Dhabi

SEPC Limited's Board approved acquisition of 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, valued at INR 1,530 Crores.
Target company operates in Oil & Gas Engineering, FEED, and PMC services in MENA region with AED 500 million+ order book and clients including ADNOC and DEWA.
Acquisition is subject to Lender and Shareholder approvals, expected to be completed within six months from March 23, 2026.
Target's turnover grew from INR 71.92 Crores (2022) to INR 171.89 Crores (2024), indicating strong revenue trajectory.