SEPC Share Price Rises 4%; Secures ₹230-Crore Mining Infrastructure Order from MOIL

SEPC Limited has received a significant work order from MOIL Limited, a Government of India undertaking, for the design, construction, and commissioning of a third Vertical Shaft at the Chikla Mine in Maharashtra. 

The project was awarded through a global competitive bidding process, in which SEPC emerged as the lowest bidder, underscoring its technical and execution capabilities in complex mining infrastructure projects.

Project Scope and Order Value

The total consideration for the project stands at ₹230 crore. This includes ₹167.85 crore for the domestic scope of work and an additional USD 36.52 lakh towards imported plant and machinery. The contract covers complete turnkey execution, including engineering design, civil construction, furnishing, installation of equipment, and commissioning of the vertical shaft.

The third vertical shaft is expected to enhance underground access, improve ventilation, and boost operational efficiency at the Chikla Mine, which is an important asset for MOIL’s manganese ore production.

Strategic Importance of the Order

The project strengthens SEPC Limited’s footprint in the mining and core infrastructure segment. Securing a high-value contract from a government-owned enterprise like MOIL reflects the company’s credibility in handling technically demanding projects with long execution timelines.

The contract structure allows for efficient capital deployment while offering SEPC better execution visibility. It also contributes to building a stable and predictable revenue pipeline, aligning with the company’s strategy of selective growth in infrastructure verticals.

Business Impact and Growth Outlook

This order reinforces SEPC’s focus on mining and industrial infrastructure, sectors that benefit from long-term public sector investment. The project is expected to support sustained revenue recognition over the execution period while enhancing the company’s order book quality.

Commenting on the order win Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said, “This order from MOIL reinforces SEPC’s execution capabilities in the mining infrastructure segment and reflects continued trust from public sector clients. The Company remains focused on disciplined project execution and expanding its presence in core infrastructure sectors.”

SEPC Share Price Performance

On December 29, 2025, SEPC share price opened at ₹9.80, almost the same as its previous close of ₹9.83. At 11:30 AM, the share price of SEPC was trading at ₹10.31, up by 4.88% on the NSE.

Also Read: SEPC Signs MoU for ₹3,300 Crore Mining Consortium Project!

Conclusion

The ₹230-crore MOIL order marks an important milestone for SEPC Limited, strengthening its position in mining infrastructure and supporting long-term growth backed by execution visibility and government-led projects.

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