SEPC share price rises nearly 7% on securing ₹230 crore turnkey mining infrastructure order from MOIL

The stock rose as much as 6.81% to ₹10.5 per unit on the National Stock Exchange. At 9:57 am, it was up 5.6% to ₹10.36.

In an exchange filing, the company informed that it has received a letter of acceptance (LoA) from MOIL, a Government of India undertaking, for the designing, construction and commissioning of a third vertical shaft at Maharashtra's Chikla mine.

The project was awarded via a global tender process, with SEPC emerging as the lowest bidder. "The order value stands at ₹167.85 crore for domestic scope, along with USD 36.52 lakh towards imported plant and machinery," the company said.

The scope of work includes full turnkey execution, covering engineering, furnishing, civil works and installation of equipment. The project will strengthen mining infrastructure and operational efficiency at the Chikla Mine.

Venkataramani Jaiganesh, Managing Director of SEPC, said, "This order from MOIL reinforces SEPC’s execution capabilities in the mining infrastructure segment and reflects continued trust from public sector clients. The company remains focused on disciplined project execution and expanding its presence in core infrastructure sectors."

On December 16, the company had received a ₹269.69 crore order under the Ajmer–Chanderiya Doubling Project of the Ajmer Division, North Western Railway (NWR).

The project was awarded to the VPRPL–SBEL Joint Venture (JV), with SEPC responsible for execution of the project works under the control and supervision of the JV, in line with the Letter of Award issued by North Western Railway.

In H1 FY26, SEPC posted a consolidated total income of ₹455 crore, EBITDA (earnings before interest, taxes, depreciation, and amortisation) of ₹54 crore, and profit after tax of ₹24.85 crore. In comparison, for the fiscal year 2025, the company recorded revenue of ₹597.65 crore, EBITDA of ₹98.94 crore and PAT of ₹24.84 crore.