Chennai-based SEPC Ltd shares soared 6% on 5 August after the company announced securing a major engineering, procurement and construction (EPC) contract worth Rs 854.57 crore from Steel Authority of India Ltd (SAIL).

The order is for the IISCO Steel Plant (ISP) in Burnpur, West Bengal, and significantly strengthens SEPC’s order book and long-term revenue visibility. The project involves the Pellet Plant Balance of Plant (BOP) package, including civil and structural works, as part of SAIL’s 4.08 million tonnes per annum (MTPA) crude steel expansion project.

SEPC received the Letter of Acceptance (LoA) on August 4, and the contract is scheduled to be completed within 32 months from the effective date.

This is the second major order that SEPC has received from SAIL in recent months. Earlier, the company won contracts worth Rs 673 crore for the Coke Oven and Sinter Plant packages under the same expansion programme. The latest order further strengthens SEPC’s presence in India’s industrial infrastructure and steel EPC segment.

The Burnpur expansion is part of SAIL’s broader plan to increase production capacity and modernise its steel manufacturing facilities. The project is expected to improve operational efficiency and support India’s growing demand for steel from infrastructure, construction and manufacturing sectors.

At 2:50 pm, the shares of SEPC were trading 5.88% higher at Rs 6.30 on the NSE.

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