SEPC Ltd executes settlement deed with HCL Ltd

SEPC Ltd has executed a Settlement Deed with its client, Hindustan Copper Limited, for full and final settlement of the inter-se claims and counterclaims, pursuant to the Settlement Agreement dated 08/12/2025, in respect of the arbitration proceedings ongoing in Case No. AP No.163 of 2023.

As per the terms of the settlement, SEPC will receive a total amount of Rs. 30,44,80,495/- (Rupees Thirty Crore Forty-Four Lakh Eighty Thousand Four Hundred and Ninety-Five only). Consequently, the existing arbitration proceedings shall stand closed, and a supplementary work order valued at Rs. 72,54,57,640/- (Rupees Seventy-Two Crore Fifty-Four Lakh Fifty-Seven Thousand Six Hundred and Forty only) will be issued in respect of the existing order on vertical shaft sinking work.

Shares of SEPC Limited was last trading in BSE at Rs. 8.89 as compared to the previous close of Rs. 8.93. The total number of shares traded during the day was 965386 in over 737 trades.

The stock hit an intraday high of Rs. 8.97 and intraday low of 8.50. The net turnover during the day was Rs. 8445706.00.

Source : Equity Bulls

Keywords

SEPC INE964H01014 HCL Settlement