SEPC shares rally over 13% on bagging ₹673 crore crude steel expansion project from SAIL; key details

At around 10:55 AM, the stock was trading 7.96% higher at ₹7.46 per equity share.

The scrip has gained more than 12% in the past week but lost 2% over the month. On a year-to-date basis, it has fallen 26%.

While the share hit a 52-week high of ₹15.18 on June 11, 2025, it touched a year’s low of ₹4.65 apiece on March 23, 2026.

According to a regulatory filing, the scope of the massive project comprises two key packages under the expansion project, including coke oven balance of plant (BOP) package – COB-3 (excluding civil and structural works) valued at ₹296.77 crore.

The project also includes the sinter plant BOP package – SP-2 (including civil and structural works) worth ₹376.56 crore.

The projects, with an aggregate contract value of ₹673.32 crore (net of taxes), are scheduled for execution over a period of 30 to 33 months, further enhancing the company's long-term revenue visibility and execution pipeline, it stated.

Commenting on the order win, Mr. Venkataramani Jaiganesh, Managing Director, SEPC Limited, said: “This order from SAIL’s IISCO Steel Plant represents a significant milestone for SEPC and highlights the confidence that leading public sector enterprises place in our engineering expertise and project execution capabilities. The project aligns well with our strategy of expanding our footprint in large industrial and process infrastructure projects.”

He further stated that India’s steel industry has entered a phase of sustained capacity expansion driven by infrastructure development, manufacturing growth, and the nation’s long-term economic ambitions.

“We believe this order positions SEPC favourably to participate in this transformation while strengthening our order book and enhancing future revenue visibility,” Jaiganesh added.

SEPC Q4 results

The company reported a 37% year-on-year (YoY) surge in its consolidated net profit to ₹13.73 crore in the fourth quarter of the 2025-26 financial year (Q4 FY26), compared with ₹10.02 crore in the year-ago period.

Its revenue from operations stood at ₹273.83 crore during the quarter under review, marking a 132.45% YoY jump from ₹117.80 crore in the January-March quarter of the 2024-25 fiscal year (Q4 FY25).

Its EBITDA (earnings before interest, tax, depreciation, and amortisation) soared 7.30% YoY to ₹25.32 crore in the March quarter of FY26, up from ₹23.60 crore in Q4 FY25.

SEPC has a total market capitalisation of ₹1,430.68 crore as of June 15, 2026, according to data on the NSE.