SEPC shares rally 11% as firm signs a contract worth over ₹854 crore with SAIL-IISCO

The EPC player signed an ₹854.57 crore agreement with Steel Authority of India Limited (SAIL) for the Pellet Plant BOP, including civil and structural works (Pellet Plant Package-2) at SAIL-IISCO Steel Plant (ISP), Burnpur, West Bengal.

“The signing of the contract agreement with SAIL-IISCO Steel Plant formalises one of the most significant industrial projects in our portfolio. We thank the SAIL-ISP leadership for their continued confidence in SEPC. The Burnpur expansion is an important part of India's steel capacity growth, and we are proud to contribute to it,” said Venkataramani Jaiganesh, Managing Director, SEPC.

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 ₹951.60 crore, an input tax credit of ₹97.04 crore is to be passed on to SAIL, resulting in a net value of ₹854.57 crore,” SEPC said in a regulatory filing.

The facilities will be commissioned within 32 months from the effective date of the contract, September 3, 2026.

Jaiganesh, in his statement, said that SEPC’s focus is now on execution, and the company is committed to delivering this package within the stipulated timeline.

With this, SEPC’s consolidated order book has crossed the ₹10,000 crore mark, over nine times the company’s FY26 total income of ₹1,085.8 crore. The company in a statement said that this milestone provides strong multi-year revenue visibility and reinforces SEPC’s growing presence in large-scale industrial EPC.

Commenting on the orderbook milestone, Jaiganesh said, “It gives us strong revenue visibility for the coming years and the confidence to pursue larger and more complex opportunities across the industrial and infrastructure sectors.”

SEPC share price trends

At 2:14 PM, SEPC shares were trading at ₹5.31 apiece on the National Stock Exchange, gaining 7.71%.

From the beginning of the year, SEPC shares have tumbled 47%. Over a month’s time, the stock has fallen 1%, while it has lost 30% in the past six months.

Shares of the firm had hit a 52-week high of ₹11.98 on October 8, 2025, and a 52-week low of ₹4.65 on March 23, 2026.

SEPC Q1 FY27 earnings

The company had reported a consolidated net loss of ₹11 crore in the first quarter of the 2026-27 financial year (Q2 FY27), compared to a net profit of ₹16.5 crore in the year-ago period.

Its revenue from operations stood at ₹274 crore during the quarter under review, marking a 36% YoY jump from ₹202 crore in the April-June quarter of the 2026-27 fiscal year (Q2 FY26).

Its EBITDA (earnings before interest, tax, depreciation, and amortisation) fell 37% YoY to ₹17 crore in the June quarter of FY27 as compared to ₹27 crore in Q2 FY26.

SEPC has a total market capitalisation of ₹1,021.64 crore as of October 9, 2026, according to data on the NSE.