Synopsis: SEPC Ltd shares surged after winning a ₹230 crore MOIL turnkey order for Chikla Mine, strengthening its mining EPC presence and ensuring long-term revenue visibility.
This is a leading Indian Engineering, Procurement, and Construction (EPC) company with diversified operations across water and municipal services, roads, industrial infrastructure, and mining is now in focus after winning a significant turnkey order from MOIL Limited.
With a market capitalisation of Rs. 1,953 cr, the shares of SEPC Ltd are currently trading at Rs. 10.4 per share, surging 7% in today’s market session, making a high of Rs. 10.54, up from its previous close of Rs. 9.83 per share.
SEPC Limited has secured a major turnkey order from MOIL Limited, a Government of India enterprise, for the design, construction, and commissioning of the 3rd Vertical Shaft at the Chikla Mine in Maharashtra. Selected as the lowest bidder through a global tender, the project carries a total value of approximately Rs. 230 crore, comprising Rs. 167.85 crore for domestic work and USD 36.52 lakh for imported equipment.
The project involves complete turnkey execution, including engineering, civil works, furnishing, and installation of all necessary machinery, aimed at enhancing mining infrastructure and operational efficiency at the Chikla Mine, a key MOIL asset.
This order strengthens SEPC’s position in the mining infrastructure segment, demonstrating its capability to handle complex, high-value projects with long execution timelines. The contract structure supports efficient capital utilisation and contributes to a stable and predictable revenue stream, aligning with SEPC’s strategic focus on selective growth in core infrastructure sectors with well-defined project scopes and execution visibility.
Commenting on the win, SEPC Managing Director Mr. Venkataramani Jaiganesh stated that the order underscores the company’s strong execution capabilities in mining infrastructure and reflects continued trust from public sector clients, while reinforcing SEPC’s commitment to disciplined project delivery and expansion in core infrastructure sectors.
SEPC Limited (formerly Shriram EPC) is a leading EPC company delivering turnkey solutions in Water & Wastewater, Roads, Industrial Infrastructure, and Mining, serving government clients and driving large-scale infrastructure projects across India. The company maintains a healthy balance sheet, with a low debt-to-equity ratio of 0.19, ROCE of 6.08%, and ROE of 2.55%.
The company reported strong year-on-year growth in its Q2FY26. Sales rose 39% to Rs. 237 crore from Rs. 171 crore in Q2FY25, while EBITDA increased 38% to Rs. 10.6 crore from Rs. 7.68 crore. Net profit surged 262% to Rs. 8.30 crore compared to Rs. 2.29 crore a year ago, driving EPS up by 300% to Rs. 0.04.
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