Stock jumps 4% after receiving ₹86 Cr order for infrastructure project at Bihta Airport

Synopsis: SEPC Limited’s shares rose after its joint venture with Furlong secured an EPC contract to develop a new civil enclave at Bihta Airport near Patna.

The shares of Infrastructure Developers & Operators Company, specializing in providing engineering, procurement, and construction (EPC) services across various sectors, jumped upto 4 percent upon receiving an order worth Rs. 86 crore work order for the  Aviation Infrastructure Project at Bihta Airport.

With a market capitalization of Rs. 1,769.76 Crores on Wednesday, the shares of SEPC Limited jumped upto 3.6 percent, making a high of Rs. 9.21 compared to its previous closing price of Rs. 8.89.

What Happened 

SEPC Limited, engaged in providing engineering, procurement, and construction (EPC) services across various sectors, has announced that its unincorporated joint venture with Furlong (SEPC–Furlong JV) has won a Rs. 86-crore contract.

The contract is for developing a new civil enclave at Bihta Airport near Patna, Bihar and the  Letter of Award was issued by JSC IA Vozrozhdenie India Private Limited. Under this project, the JV will handle end-to-end EPC (Engineering, Procurement and Construction) work, including building a new integrated terminal, utility buildings, an elevated road, as well as executing electro-mechanical, airport systems, IT, and security installations, along with providing maintenance and operational support.

This win strengthens SEPC’s EPC order book and further enhances its presence in India’s aviation and transportation infrastructure sector, complementing its ongoing expansion across water, mobility, industrial, and mining projects.

Commenting on the win, Mr Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: “This award for the Bihta civil enclave project further strengthens our presence in India’s aviation infrastructure segment. It aligns with our strategy of expanding into high-scale, high-complexity EPC projects. With our growing footprint in India and select global markets, SEPC is well-positioned to deliver robust and sustainable infrastructure. We look forward to executing this project with a focus on quality, safety, and timely delivery.”

Financials & Others 

The company’s revenue rose by 38.85 percent from Rs. 170.99 crore to Rs. 237.42 crore in Q2FY25-26. Meanwhile, Net profit rose from Rs. 2.29 crores to Rs. 8.30 crores during the same period.

The stock is currently trading at 0.93x its book value, indicating it may be undervalued relative to its assets. Additionally, the company has demonstrated strong profitability, delivering a 38.4% CAGR in earnings over the past five years, which reflects consistent and robust growth.

SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors.

The company specialises in the design, procurement, construction, and commissioning of large and complex infrastructure projects across India. SEPC serves a wide range of clients, including Central and State Government agencies, and continues to play a key role in India’s infrastructure development.

Written by Sridhar

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