Contract Details

SEPC Limited has secured a major order worth ₹673.32 Crore (Rupees Six Hundred Seventy-Three Crores and Thirty-Two Lakhs only) from Steel Authority of India Limited (SAIL) – IISCO Steel Plant (ISP), Burnpur for its 4.08 MTPA Crude Steel Expansion Project.

Scope of Work Breakdown

The contract comprises two key packages:

  • Coke Oven BOP Package – COB-3 (excluding Civil & Structural Works) valued at ₹296.77 Crore
  • Sinter Plant BOP Package – SP-2 (including Civil & Structural Works) valued at ₹376.56 Crore

Aggregate contract value: ₹673.32 Crore (net of taxes)

Execution Timeline

The projects are scheduled for execution over a period of 30 to 33 months.

Strategic Significance

The order reinforces SEPC's position in industrial EPC segment and represents a significant milestone in the company's strategy to strengthen its presence in large-scale steel and heavy industrial infrastructure projects. The win reflects SEPC's engineering capabilities and execution track record.

Management Commentary

Mr. Venkataramani Jaiganesh, Managing Director, stated: "This order from SAIL's IISCO Steel Plant represents a significant milestone for SEPC and highlights the confidence that leading public sector enterprises place in our engineering expertise and project execution capabilities. The project aligns well with our strategy of expanding our footprint in large industrial and process infrastructure projects. India's steel industry is entering a phase of sustained capacity expansion driven by infrastructure development, manufacturing growth, and the nation's long-term economic ambitions."

Company Background

SEPC Limited (formerly Shriram EPC Limited) is an EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company specializes in design, procurement, construction, and commissioning of large infrastructure projects across India.

Financial Performance Reference

FY26 Financial Highlights mentioned:

  • Total Income: ₹1,085.8 Cr
  • EBITDA: ₹108.9 Cr
  • Net Profit: ₹53.5 Cr
  • FY25 Total Income: ₹646.0 Cr (with Net Profit more than doubling over previous year)

Additional Information

The press release was simultaneously posted on the company's website https://www.sepc.in/. For further information, contact Kirin Advisors Private Limited, Sunil Mudgal – Director at sunil@kirinadvisors.com or +91 98692 75849.