Shares of SEPC Ltd skyrocketed 11% on 18 September after the company announced securing a Rs 442 crore order from the Water Resources Department in Delhi.

The order is for the Jamaniyan to Kakrait Gangajal Uvah Irrigation Scheme, under Kaimur district in relation to Pragati Yatra under Zamanian Pump Canal Division, Mohania.

The order is set to be completed in 24 months. The transaction represents over 20% of the company’s market capitalization of over Rs 2,500 crore.

SEPC obtained a Rs 650 crore Letter of Award (LoA) in June from Parmeshi Urja Ltd, a domestic renewable energy firm, for a 133 megawatt (AC) solar power project over 26 locations in Maharashtra. The project will encompass four districts.

SEPC offers comprehensive engineering services for infrastructure areas such as renewable energy, water, and waste treatment.

At 12:24 pm, the shares of SEPC were trading 8.84% higher at Rs 13.17 on NSE.

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