SEPC Limited has announced that it has been awarded five orders from M/s. Bajaj Energy Private Limited for Operation and Maintenance (O&M) services of power plants located in Uttar Pradesh. These orders cover the 2 x 45 MW power plants situated at Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula, and Kundarki.
The total value of the contract is ₹18 crore (₹180,000,000). Each of the five orders pertains to providing O&M services for a duration of 12 months. Bajaj Energy has given SEPC Limited the confirmation to commence the work starting May 14, 2025.
This contract has been awarded by a domestic entity, Bajaj Energy Private Limited, highlighting SEPC Limited’s strong presence in the Indian power sector. The nature of the contract specifically involves the comprehensive operation and maintenance of multiple power generation plants, ensuring their efficient and uninterrupted functioning.
On May 15, 2025, SEPC share price opened at ₹15.26, almost the same its previous close of ₹15.09. At 11:34 AM, the share price of SEPC was trading at ₹15.39, down by 1.99% on the NSE. Notably, the share price touched its 52-week low recently at ₹11.87 on April 7, 2025.
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SEPC, formerly known as Shriram EPC Ltd until February 2021, was incorporated in June 2000. Since September 2022, Mark AB holds majority ownership following a capital infusion of ₹350 crore. SEPC specialises in executing EPC contracts and offers integrated solutions that include design, engineering, procurement, construction, and project management services across water, process and metallurgy, and infrastructure sectors.
Winning this significant O&M contract further strengthens SEPC Limited’s foothold in the power sector. The company’s expertise in managing power plant operations is underscored by this deal, which will contribute to its revenue and operational growth over the next year.
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Published on: May 15, 2025, 12:56 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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