News

SEPC MD signs contract with SAIL-IISCO Steel plant

SEPC announced the signing of the Contract Agreement with Steel Authority of India Ltd (SAIL) for the Pellet Plant BOP including Civil & Structural works (Pellet Plant Package-2) at SAIL-IISCO Steel Plant (ISP), Burnpur, West Bengal. The contract, with a project value of ₹854.57 Crore, was formally signed
on October 8, 2026, and follows the Letter of Acceptance received by the Company from SAIL-ISP in August 2026.

The Contract Agreement was signed at SAIL-IISCO Steel Plant, Burnpur, by Mr. Praveen Kumar, Executive Director (Projects), on behalf of SAIL-ISP, and Mr. Venkataramani Jaiganesh, Managing Director, on behalf of SEPC Limited. The signing took place in the presence of Mr. Surajit Mishra, Director In-charge,
Durgapur Steel Plant and IISCO Steel Plant, Burnpur, Mr. V.K. Singh, Executive Director (Works), Mr. Jitendra Kumar, Executive Director (Personnel), Mr. Arvin Chandra Goyal, Chief General Manager (Projects), and senior officials of SAIL-ISP.

The package forms part of SAIL-ISP's 4.08 MTPA Crude Steel Expansion at Burnpur and will be executed on a divisible turnkey basis. Of the total Contract Price of Rs. 951.60 Crore, Input Tax Credit of Rs. 97.04 Crore is to be passed on to SAIL, resulting in a net value of ₹854.57 Crore. The facilities are to be commissioned within 32 months from the effective date of the contract, September 3, 2026. M. N. Dastur & Company Pvt. Ltd. is the Engineering and Construction Management Consultant, and MECON Limited is the Procurement and Contract Engineering Services Consultant for the project.

SEPC's consolidated order book has crossed the Rs. 10,000 Crore mark, over nine times the Company's FY26 Total Income of Rs. 1,085.8 Crore. This milestone provides strong multi-year revenue visibility and reinforces SEPC's growing presence in large-scale industrial EPC.

At 2.50 pm, SEPC was trading at Rs. 5.26, up by 6.48%, with a volume of 40.55 lakh shares on the BSE.