Shares of SEPC Ltd rallied 13% to touch a day’s high of Rs 10.38 on 15th December. This rise occurred after the company said it had entered into a Rs 3,300 crore mining consortium project.

SEPC said it has signed a Memorandum of Understanding (MoU) with Jai Ambey Roadlines Pvt Ltd and Avinash Transport. They have formed a consortium called JARPL-AT to execute a mining project awarded by South Eastern Coalfields Ltd. (SECL).

The project relates to the Rampur Batura Opencast Coal Mine in Madhya Pradesh. It is valued at around Rs 3,300 crore. This value is higher than SEPC’s current market capitalisation of nearly Rs 2,000 crore.

Under the contract, the consortium will undertake excavation, loading, transportation, and surface mining activities. The project is scheduled to be completed over 3,625 days, or about 10 years, from the date of contract execution.

Separately, SEPC said last week that its joint venture with Furlong received a letter of award for an aviation infrastructure project at Bihta Airport in Patna. It is valued at Rs 86 crore. The project involves engineering, procurement, and construction work for a new integrated terminal building, a utility building, related structures, and an elevated road.

At 11:49 AM, shares of SEPC Ltd were trading 12.17% higher at Rs 10.23 on NSE.

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