SEPC Limited Secures ~₹314 Crore Smart Prepaid Metering Project in Punjab
SEPC Limited secured a ₹313.96 crore Smart Prepaid Metering project in Punjab under RDSS. The project will be executed on a DBFOOT basis in consortium with Adya Smart Metering Private Limited. This enhances SEPC's order momentum and revenue visibility.
The project value of ₹313.96 crore is material for SEPC and contributes to its order book and future revenue streams.
The company has secured a significant new order, which is expected to boost its revenue and market presence.
SEPC Limited has received a Letter of Intent (LOI) from Telecommunications Consultants India Limited (TCIL) for the implementation of a Smart Prepaid Metering project in Punjab (Central Zone) under the Revamped Distribution Sector Scheme (RDSS).
The project, valued at ₹313.96 crore, will be executed on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis in consortium with Adya Smart Metering Private Limited. The scope includes the design, deployment, integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure for Punjab State Power Corporation Limited (PSPCL).
This LOI is expected to strengthen SEPC's order momentum and expand its presence in the power distribution and metering infrastructure sector. The DBFOOT model is anticipated to improve long-term revenue visibility. Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, stated that the order reflects client confidence and aligns with the company's strategy of building long-term, annuity-linked revenue streams.
In the third quarter of FY26, SEPC Limited reported consolidated revenue of ₹796.89 crore, EBITDA of ₹83.60 crore, and a net profit of ₹39.81 crore for the nine months ended December 2025.
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SEPC Limited filed this with the NSE as a statutory disclosure, categorised under new orders. 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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