SEPC Settles Dispute with Hindustan Copper; Wins Mining Project of ₹72.55 Cr

SEPC Limited (NSE: SEPC | BSE: 532945), one of India's leading Engineering, Procurement and Construction (EPC) companies with a diversified presence across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining, announced the successful execution of a Settlement Deed with Hindustan Copper Limited (HCL), concluding all inter-se claims and counterclaims arising from the arbitration proceedings in Case No. AP No.163 of 2023.

Under the terms of the settlement, SEPC will receive ₹30,44,80,495 (₹30.45 crore) as full and final settlement, marking the closure of all pending arbitration matters between the two parties.

Additionally, HCL has confirmed the issuance of a supplementary work order worth ₹72,54,57,640 (₹72.55 crore) related to the ongoing vertical shaft sinking project. This new award enhances the project's overall value and reinforces SEPC's standing as a key EPC partner in India's mining infrastructure segment.

Why This Settlement Matters

- Strengthens cash flows: The settlement amount provides immediate liquidity and unlocks value stuck in dispute.

- Closes legacy arbitration: Eliminates prolonged legal uncertainty and associated administrative burden.

- Expands project pipeline: The supplementary work order significantly increases the scope of an already active project.

- Boosts mining EPC portfolio: Reaffirms SEPC's capabilities in complex underground mining infrastructure.

- Improves business visibility: Supports near-term revenue and execution momentum for FY26.

Commenting on the Development Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: "This settlement brings a positive and timely closure to a long-pending matter. We appreciate the constructive approach taken by Hindustan Copper Limited in reaching this resolution. The additional work order is a meaningful endorsement of SEPC's execution strength in specialized mining infrastructure. With this clarity in place, our teams can now fully focus on delivery, operational discipline and accelerating the project timeline."

Shares of SEPC Limited was last trading in BSE at Rs. 8.84 as compared to the previous close of Rs. 8.89. The total number of shares traded during the day was 811955 in over 816 trades.

The stock hit an intraday high of Rs. 9.21 and intraday low of 8.80. The net turnover during the day was Rs. 7366913.00.

Source : Equity Bulls

Keywords

SEPC INE964H01014 SettlementDeed HindustanCopper