SEPC Limited receives termination notice for ₹521.46 crore EPC subcontract
SEPC Limited's joint operation SEPC-Furlong JV received a termination notice for a ₹521.46 crore EPC subcontract with Shalimar Corp Limited. The contract was for road widening in Uttar Pradesh. The matter has been referred to arbitration.
The termination of a large contract can impact revenue and profitability, warranting a medium impact assessment. However, the company has referred the matter to arbitration, which may mitigate some of the negative effects.
The termination of a significant subcontract valued at ₹521.46 crore is a negative development for the company.
SEPC Limited announced on July 11, 2026, that its unincorporated joint operation, SEPC-Furlong JV, has received a termination notice for an EPC Sub-Contract with M/s. Shalimar Corp Limited (SCL). This subcontract, initially for the widening and upgradation of the Shahjahanpur-Bisalpur section in Uttar Pradesh, was for a lump-sum turnkey contract price of ₹521.46 crore.
The company had previously intimated the signing of this subcontract on May 14, 2026. SEPC Limited has referred the matter to arbitration and will keep the stock exchanges informed of any material developments.
What to do with a filing like this
SEPC Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SEPC Limited. Read the original for the full detail.