SEPC Limited share price is expected to remain in focus after the company announced that its unincorporated joint operation, SEPC-Furlong JV, has secured a major EPC subcontract for a highway upgradation project in Uttar Pradesh.
The contract has been awarded by Shalimar Corp Limited and relates to the widening and upgradation of the Shahjahanpur–Bisalpur road section into a 4-lane corridor.
According to the company’s exchange filing, the SEPC-Furlong JV has signed the EPC subcontract agreement and received a Letter of Award for the project on a lump-sum turnkey basis with a total contract value of ₹521.46 crore.
The scope of work includes widening and upgrading the Shahjahanpur–Bisalpur section in Uttar Pradesh to a four-lane configuration.
The latest contract is expected to strengthen SEPC’s infrastructure execution pipeline amid continued government spending on highway expansion and regional connectivity projects across India.
India’s transportation infrastructure sector continues to witness strong project activity driven by investments in highways, expressways, and road modernisation programmes.
EPC companies operating in the road construction segment have been benefiting from rising public infrastructure spending and long-term connectivity improvement plans.
The latest subcontract further adds to SEPC’s project portfolio and strengthens its presence in the transportation infrastructure segment.
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As of 14 May 2026, at 3:30 PM, SEPC share price closed at ₹7.63 per share, reflecting a surge of 2.69% from the previous closing price.
The ₹521.46 crore road EPC subcontract marks another key addition to SEPC’s order book and reinforces its participation in India’s ongoing highway development and infrastructure expansion activities.
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Published on: May 15, 2026, 9:17 AM IST
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