SEPC Share Price Dips 4% on June 13; Domestic Order Book Doubles with New Solar EPC Win

SEPC Limited has announced a major breakthrough in its renewable energy portfolio with the receipt of a Letter of Award (LoA) for an EPC contract valued at ₹650 crore. 

Awarded by Parmeshi Urja Ltd, a Kolkata-based subsidiary of India Power Corporation Limited, the contract involves the design, engineering, supply, installation, testing, and commissioning of a 133 MW solar power project.

Project Scope and Location

The large-scale solar project will span across four districts in Maharashtra—Sambhaji Nagar, Dhule, Solapur, and Nanded. It will be executed under the Government of India’s PM-KUSUM Yojana, a flagship program aimed at promoting solar energy adoption in agricultural and rural areas. The expected execution timeline ranges between 12 to 18 months from the commencement of work.

Strategic Milestone for SEPC

This contract marks SEPC's strategic re-entry into India’s renewable energy sector, building on its earlier experience in wind, biomass, and thermal energy projects. The ₹650 crore order nearly doubles its domestic order book, reflecting growing confidence in the company’s capabilities.

Mr Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said, “We are proud to announce SEPC’s entry into the solar EPC segment with a landmark order from Parmeshi Urja under the PM-KUSUM Yojana. This award reflects our continued growth trajectory and commitment to supporting India’s sustainable energy goals.”

He further stated, “As we expand into the renewable energy space, our focus remains on executing large-scale projects with operational excellence, on-time delivery, and best-in-class quality standards. This win not only expands our footprint but reinforces our readiness to participate in India’s clean energy future.”

SEPC Share Price Performance

On June 13, 2025, SEPC share price opened at ₹14.15, almost the same as its previous close of ₹14.28. At 10:46 AM, the share price of SEPC was trading at ₹13.66, down by 4.34% on the NSE.

Also Read: ACME Solar Nears Completion of 50 MW Wind Project in Gujarat!

Conclusion

The new project underscores SEPC’s engineering expertise and commitment to delivering complex, high-quality infrastructure solutions aligned with India’s green energy goals.

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