SEPC Limited Announces Cancellation of ₹230 Crore Work Order from MOIL Limited
SEPC Limited confirmed that a significant work order previously received from MOIL Limited (Government Undertaking) has been cancelled by MOIL. The contract, originally valued at ₹230 Crores including taxes, related to the design, construction, furnishing, and equipping of a 3rd Vertical Shaft on a turnkey basis.SEPC Limited stated that the work order, which was initially disclosed to the Stock Exchanges on December 29, 2025, has been cancelled by MOIL Limited.As a result of the cancellation, SEPC Limited confirmed the forfeiture of an Earnest Money Deposit (EMD) amounting to ₹50 Lakhs.The parties involved, the scope of work, and the impact of the...