Key Quantitative Figures
- Contract value: ₹854.57 crore (net value after Input Tax Credit)
- Gross contract price: ₹951.60 crore
- Input Tax Credit to be passed on to SAIL: ₹97.04 crore
- Consolidated order book: Crossed ₹10,000 crore
- FY26 Total Income: ₹1,085.8 crore
- FY26 EBITDA: ₹108.9 crore
- FY26 Net Profit: ₹53.5 crore
- FY25 Total Income: ₹646.0 crore
- Order book to FY26 revenue multiple: Over 9 times
Parties Involved
- SEPC Limited (NSE: SEPC, BSE: 532945) - Contractor
- Steel Authority of India Limited (SAIL) - Client
- SAIL-IISCO Steel Plant (ISP), Burnpur - Project location
- M. N. Dastur & Company Pvt. Ltd. - Engineering and Construction Management Consultant
- MECON Limited - Procurement and Contract Engineering Services Consultant
Project Details
- Project: Pellet Plant BOP including Civil & Structural works (Pellet Plant Package-2)
- Location: SAIL-IISCO Steel Plant, Burnpur, West Bengal
- Scope: Part of SAIL-ISP's 4.08 MTPA Crude Steel Expansion
- Execution basis: Divisible turnkey basis
Management Commentary
Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, stated that this contract formalizes one of the most significant industrial projects in their portfolio. He expressed commitment to delivering the package within the stipulated timeline with high standards of quality and safety. The ₹10,000 crore order book milestone provides strong multi-year revenue visibility and confidence to pursue larger opportunities.
Financial Impact
The contract represents a significant addition to SEPC's order book, which now exceeds ₹10,000 crore. The company's FY26 financial performance showed substantial improvement with total income growing from ₹646.0 crore in FY25 to ₹1,085.8 crore in FY26, and net profit more than doubling.