SEPC-Furlong JV Secures Rs 521.46 Cr. EPC Sub-contract for UP Road Upgrade
SEPC Limited's unincorporated joint operation, SEPC-Furlong JV, has finalized a significant engineering, procurement, and construction (EPC) sub-contract. The contract was awarded by M/s. Shalimar Corp Limited (SCL).The project involves the widening and upgradation of the Shahjahanpur -Bisalpur section in Uttar Pradesh to a four-lane configuration.
SEPC-Furlong JV has received a Letter of Award (LOA) for this massive infrastructure undertaking. The total consideration for the project is structured on a lump-sum turnkey basis.
The financial details of the contract are as follows:
| Detail | Value |
|---|---|
| Project Scope | Widening / Upgradation to four lane configuration of Shahjahanpur -Bisalpur section in Uttar Pradesh |
| Contractor (JV) | SEPC-Furlong JV |
| Client | M/s. Shalimar Corp Limited (SCL) |
| LOA Contract Price | Rs 521.46 Cr. |
| Terms | Lump-sum turnkey basis |
This contract acquisition marks a major development in the company's involvement in state infrastructure development projects.
SEPC Stock Price Movement
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