SEPC Wins ₹650 Crore Solar Project Contract from Parmeshi Urja

SEPC Ltd announced on June 11, 2025, that it has received a Letter of Award (LoA) worth ₹650 crore from Parmeshi Urja Ltd. The contract is for the engineering, procurement, and construction (EPC) of a 133 megawatt (AC) solar power project across four districts in Maharashtra.

SEPC Secures Major Solar Project

The 133 MW solar project will span 26 locations within four districts of Maharashtra. The project was awarded by Parmeshi Urja Ltd, a renewable energy company based in Kolkata, West Bengal. SEPC confirmed in its exchange filing that the LoA was received on the evening of June 10, 2025.

Execution timelines for the project will be set following kick-off meetings at each project site. SEPC also stated that the project does not involve any related party transactions and that "its promoter or group companies do not hold any interest in the awarding entity."

Project Scope and Company Background

The scope of the project includes complete EPC responsibilities, making SEPC accountable for the engineering design, procurement of materials, and construction of the entire solar infrastructure. The multi-location nature of the project highlights SEPC’s operational capability in large-scale, decentralised installations.

SEPC, formerly known as Shriram EPC, is involved in delivering integrated engineering services across sectors such as renewable energy, water supply systems, and waste management. The company has been actively involved in expanding its footprint in green energy projects, especially solar installations across India.

SEPC Share Price Performance

On June 11, 2025, SEPC share price opened at ₹13.39, up from the previous close of ₹13.27. At the end of the trading session, the stock was trading at ₹13.86, rising ₹0.59 or 4.45% on the NSE. The stock’s 52-week high of ₹31.56 was recorded on September 11, 2024, while its 52-week low of ₹11.20 was reached on April 7, 2025.

Conclusion

The ₹650 crore contract win marks a significant development for SEPC in the renewable energy sector. With execution spread across multiple districts and a substantial power output, the project reinforces SEPC’s presence in the solar EPC market.

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