Highlights
- SEPC has received a Letter of Acceptance from SAIL–IISCO Steel Plant, Burnpur.
- The order is valued at ₹854.57 crore (net of Input Tax Credit).
- The project supports SAIL’s 4.08 MTPA crude steel expansion project.
- The scope includes Pellet Plant BOP along with civil and structural works.
- The project is scheduled to be completed within 32 months.
SEPC secures Letter of Acceptance from SAIL
SEPC Limited (NSE:SEPC) has received a Letter of Acceptance (LoA) from Steel Authority of India Limited (SAIL) – IISCO Steel Plant (ISP), Burnpur for executing work related to its crude steel expansion programme.
According to the company, the order covers Pellet Plant Balance of Plant (BOP) including Civil and Structural Works (Pellet Package-2) for SAIL’s 4.08 MTPA crude steel expansion project.
The company stated that the contract has a value of ₹854.57 crore (net of Input Tax Credit) and will be executed over a period of 32 months.
Project supports steel plant expansion
The awarded contract forms part of SAIL-IISCO Steel Plant’s ongoing expansion programme aimed at supporting 4.08 million tonnes per annum (MTPA) crude steel capacity.
Under the scope of work, SEPC will execute the Pellet Plant Balance of Plant package, including associated civil and structural works. The company stated that the project further expands its participation in industrial engineering, procurement and construction (EPC) projects.
The announcement did not disclose additional technical specifications or construction milestones beyond the overall project scope and execution timeline.
Data Source: Company Filings; Analysis: Kalkine Group
Order expands industrial EPC portfolio
SEPC stated that the Letter of Acceptance further strengthens its presence in the industrial EPC segment.
According to the company, it has developed experience across industrial infrastructure, process plants, water and wastewater management, roads and mining projects, serving both government and private sector clients.
The company noted that the latest order reflects continued engagement in industrial infrastructure projects and adds to its existing project portfolio.
Management comments on the development
Commenting on the order, Managing Director Venkataramani Jaiganesh said the company was pleased to receive the Letter of Acceptance from SAIL-IISCO Steel Plant for the Pellet Plant BOP package.
He stated that the order reflects confidence in SEPC's engineering and project execution capabilities for industrial infrastructure projects. He also noted that the project supports the expansion of India's steel sector and contributes to the company's industrial EPC portfolio.
Company highlights business portfolio
SEPC Limited, formerly known as Shriram EPC Limited, provides engineering, procurement and construction services across multiple infrastructure sectors.
According to the company, its operations include turnkey solutions for water and wastewater projects, industrial infrastructure, roads and mining. The company serves Central and State Government agencies as well as private sector clients.
The company stated that it continues to focus on expanding its project portfolio by leveraging its engineering capabilities and project execution experience.
FY26 financial performance
The company also highlighted selected financial performance indicators for FY26 in its announcement.
SEPC reported Total Income of ₹1,085.8 crore, EBITDA of ₹108.9 crore, and Net Profit of ₹53.5 crore during FY26.
For comparison, the company reported Total Income of ₹646.0 crore in FY25, while noting that FY26 net profit more than doubled compared with the previous financial year.
Conclusion
SEPC has secured a ₹854.57 crore Letter of Acceptance from SAIL-IISCO Steel Plant for Pellet Plant Balance of Plant, civil and structural works supporting the 4.08 MTPA crude steel expansion project. The project, with an execution period of 32 months, expands the company's industrial EPC order book and adds to its portfolio of infrastructure and process plant projects across India.
FAQs
Q: What order has SEPC received from SAIL?
A: SEPC has received a Letter of Acceptance for Pellet Plant BOP including Civil and Structural Works (Pellet Package-2) at SAIL-IISCO Steel Plant, Burnpur.
Q: What is the value of the order?
A: The order is valued at ₹854.57 crore (net of Input Tax Credit).
Q: What project does the order support?
A: The project supports SAIL-IISCO Steel Plant's 4.08 MTPA crude steel expansion project.
Q: What is the execution timeline for the project?
A: The company stated that the project is scheduled to be completed within 32 months.
Q: What businesses does SEPC operate in?
A: SEPC provides engineering, procurement and construction solutions across water and wastewater, industrial infrastructure, roads, mining and process plant projects.