Shares of SEPC, ticker SEPC on BSE and NSE, jumped 11% on Friday, October 9, after the firm inked a ₹855‑crore contract with SAIL‑IISCO. The stock hit an intraday high of ₹5.47 and closed 7.5% higher at ₹5.30, a stark rebound against a 50% YTD slide.
The agreement, signed on Oct. 8 following an acceptance letter in August, covers the pellet‑plant balance‑of‑plant package—civil and structural work—within SAIL‑IISCO’s 4.08 Mtpa crude steel expansion in Burnpur. The total contract price sits at ₹951.60 crore, with ₹97.04 crore of input‑tax credit passed to SAIL, leaving a net value of ₹854.57 crore.
With the new win, SEPC’s consolidated order book now exceeds ₹10 000 crore, a milestone that grants multi‑year revenue visibility and cements its standing in large‑scale engineering, procurement and construction projects. This depth contrasts with the firm’s 2023 revenue of ₹5 000 crore, signalling a 100% growth in booked orders.
The Burnpur expansion is a flagship of India’s steel‑capacity drive, and SEPC’s participation aligns it with a sector that saw a 12% YoY rise in EPC spend last year. Analysts note that such contracts usually lock in cash flows for 3–4 years, a boon for a company that has struggled with volatility.
Managing Director Venkataramani Jaiganesh said the company will now focus on delivering the package within the 32‑month commissioning window, emphasizing quality and safety. While no explicit guidance was issued, the order‑book expansion suggests a positive trajectory ahead, with the next earnings release slated for December.