SEPC Shares Gain 1% on Securing a Contract Worth Rs 521.46 Crore

Shares of SEPC Limited were trading in the green and 1% higher on 15 May after the company announced securing a major infrastructure contract through its joint venture with Furlong, strengthening its presence in the road development segment. 

According to the company’s latest regulatory filing, the SEPC-Furlong JV received a Letter of Award (LoA) from Shalimar Corp Limited for an EPC subcontract valued at Rs 521.46 crore.

The project focuses on widening and upgrading the Shahjahanpur–Bisalpur road stretch in Uttar Pradesh into a four-lane corridor. The joint venture will execute the assignment on a lump-sum turnkey basis, handling engineering, procurement, and construction responsibilities under defined timelines and technical specifications. 

The development marks another significant addition to SEPC’s growing infrastructure order book.

The latest order comes at a time when SEPC has remained active on multiple corporate and regulatory fronts over the past six months. Earlier this month, the company informed exchanges about updates related to proceedings before the Madras High Court, while in April, it completed the conversion of over 2.4 crore partly paid-up equity shares into fully paid shares following receipt of final call money.

In March 2026, SEPC also disclosed that Telecommunications Consultants India Limited (TCIL) had cancelled a previously issued Letter of Intent. The company stated that it would take appropriate steps regarding the matter and continue updating stock exchanges in line with SEBI disclosure norms.

Despite these developments, the latest road project win highlights SEPC’s continued focus on infrastructure execution and its strategy of participating in large-scale EPC projects through joint venture partnerships. 

At 11:50 am, the shares of SEPC were trading 1.02% higher at Rs 7.75 on NSE. 

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