SEPC's forays Solar Project Doubles Domestic Order Book, Sparks Growth Momentum

SEPC Limited (NSE: SEPC | BSE: 532945), a leading Engineering, Procurement, and Construction (EPC) company with a diversified presence across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining sectors, has received a Letter of Award for an EPC Contract worth ₹650 crore from M/s Parmeshi Urja Ltd, Kolkata. (a subsidiary of India Power Corporation Limited, Kolkata)

The contract involves the Design, Engineering, Supply, Installation, Testing, and Commissioning (EPC) of a 133 MW Solar Power Project, including all associated civil and structural works. It will span four districts in Maharashtra-Sambhaji Nagar, Dhule, Solapur, and Nanded-and is being implemented under the PM-KUSUM Yojana, a flagship initiative of the Government of India promoting solar energy for agricultural and rural development. The execution timeline is expected to range between 12 to 18 months from the start of the project.

This significant order represents a strategic milestone for SEPC, marking its re-entry into India's rapidly growing renewable energy sector, building on its past experience in Wind Energy, Biomass power and Thermal power. This nearly doubles its domestic order book. The project underscores SEPC's proven capability to execute complex infrastructure projects at scale, delivering timely end-to-end solutions with high quality and engineering excellence.

Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, commented: "We are proud to announce SEPC's entry into the solar EPC segment with a landmark order from Parmeshi Urja under the PM-KUSUM Yojana. This award reflects our continued growth trajectory and commitment to supporting India's sustainable energy goals.

As we expand into the renewable energy space, our focus remains on executing large-scale projects with operational excellence, on-time delivery, and best-in-class quality standards. This win not only expands our footprint but reinforces our readiness to participate in India's clean energy future."

Shares of SEPC Limited was last trading in BSE at Rs. 14.26 as compared to the previous close of Rs. 13.78. The total number of shares traded during the day was 7425964 in over 9610 trades.

The stock hit an intraday high of Rs. 15.09 and intraday low of 14.00. The net turnover during the day was Rs. 107185000.00.

Source : Equity Bulls

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