SEPC Secures ₹854.57 Cr Contract with SAIL-IISCO; Order Book Surges Past ₹10,000 Cr
SEPC Limited signed a ₹854.57 Crore contract with SAIL-IISCO for Pellet Plant works. The project is to be commissioned within 32 months from September 3, 2026. This contract pushes SEPC's consolidated order book past ₹10,000 Crore, providing strong multi-year revenue visibility.
The contract value of ₹854.57 Crore and the crossing of the ₹10,000 Crore order book mark are material financial events that will significantly impact the company's future revenue and profitability.
The announcement details a significant new contract win for SEPC Limited, substantially increasing its order book and providing strong revenue visibility, which is a positive development for the company.
SEPC Limited has announced the signing of a Contract Agreement with Steel Authority of India Limited (SAIL) for the Pellet Plant BOP including Civil & Structural works at SAIL -IISCO Steel Plant (ISP) in Burnpur, West Bengal. The contract is valued at ₹854.57 Crore and was formally signed on October 8, 2026. This follows a Letter of Acceptance received in August 2026. The agreement was signed by Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, and Mr. Praveen Kumar, Executive Director (Projects) for SAIL -ISP.
The project involves facilities to be commissioned within 32 months from the effective date, September 3, 2026. The total contract price is ₹951.60 Crore, with an Input Tax Credit of ₹97.04 Crore to be passed on to SAIL, resulting in the net value of ₹854.57 Crore. SEPC's consolidated order book has now surpassed ₹10,000 Crore, which is over nine times its FY26 total income of ₹1,085.8 Crore.
Commenting on the development, Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, stated that this contract is one of the most significant industrial projects in their portfolio and thanked SAIL -ISP for their confidence. He highlighted the company's focus on execution and commitment to delivering the project with high standards of quality and safety. He also noted that crossing the ₹10,000 Crore order book mark provides strong revenue visibility for the coming years.
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