SEPC Limited Acquires 90% Stake in Avenir International Engineers and Consultants LLC
Chennai, March 24, 2026: SEPC Limited (NSE: SEPC, BSE: 532945) announced that its Board of Directors has approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi. The acquisition marks a strategic milestone for SEPC, aimed at expanding its global footprint and strengthening its position in the Oil & Gas engineering sector, particularly across the Middle East and North Africa (MENA) region.Avenir International Engineers and Consultants LLC specializes in Oil & Gas Engineering, Front-End Engineering Design (FEED), and Project Management Consultancy (PMC). The company maintains a robust order book of approximately AED 500 million and has established relationships with entities like ADNOC and DEWA.
The transaction is expected to enable SEPC’s entry into the global Oil & Gas EPC and consulting ecosystem, strengthen its international execution capabilities, and create a scalable platform for growth. The acquisition is valued at approximately AED 708 million (~INR 1,530 crore) and is structured as a share swap arrangement, with completion anticipated within six months, subject to lender and shareholder approvals.
Financial Performance of Avenir International Engineers and Consultants LLC
| Financial Year | Revenue (AED) | Revenue (INR) |
|---|---|---|
| FY24 | 73.93 million | 171.89 crore |
| FY23 | 69.17 million | 156.73 crore |
| FY22 | 31.91 million | 71.92 crore |
This acquisition represents a strategic shift for SEPC from a domestic EPC-focused player to a globally diversified engineering and infrastructure company. In Q3 FY26, SEPC Limited reported consolidated revenue of ₹ 796.89 crore, EBITDA of ₹ 83.60 crore and net profit of ₹ 39.81 crore for the nine months ended December 2025, surpassing the Company's full-year FY25 revenue of ₹ 597.7 crore, EBITDA of ₹ 98.9 crore and net profit of ₹ 24.8 crore.
"This acquisition represents a significant step in SEPC's journey towards becoming a globally diversified engineering solutions provider," said SEPC Limited Management.
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