SEPC Share Price Surges as its JV Secures ₹86 Crore Aviation Infrastructure Project

SEPC reported that its unincorporated joint venture with Furlong has received a Letter of Award valued at ₹86 crore for the development of a new civil enclave at Bihta Airport in Bihar, as per the exchange filings.  

The award identifies the JV as the service provider for the project, which forms part of the state’s aviation infrastructure plans. 

Structure of the Upcoming Agreement 

The company noted that the work award has been issued ahead of a detailed Service Agreement.  

This agreement, expected to be shared with the JV shortly, will outline the contractual terms, responsibilities, timelines and conditions under which the project will be carried out. It will serve as the governing document for the execution of the contract. 

Project Scope and Site Details 

The development is located at Bihta Airport, situated to the west of Patna and earmarked for future expansion to manage rising air traffic. The new civil enclave will involve passenger-handling infrastructure and related facilities.  

The Letter of Award sets out the service-related scope for the JV, including engineering and execution components. 

SEPC Profile and Operations 

SEPC operates in multidisciplinary engineering services and undertakes design, procurement, construction and project management work across infrastructure segments. The company’s activities cover a range of engineering assignments that require coordinated project delivery. 

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SEPC Share Price Performance  

As of December 10, 2025, 11:34 am, SEPC share price was trading at ₹9.04, a 1.57% increase from the previous closing price. 

Conclusion 

The Bihta Airport award brings a new aviation-focused assignment into SEPC’s order book. Further details on the project’s operational framework are expected once the Service Agreement is finalised and shared with the joint venture. 

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