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 termination are detailed below:
| Name of parties to the order/Contract | MOIL Limited (Government Undertaking) |
|---|---|
| Nature of the order/Contract | Designing, construction, furnishing & equipping of 3rd Vertical Shaft on turnkey basis |
| Date of execution of the order/contract | NIL since No execution commenced |
| Reasons for termination and impact thereto | Work Order cancelled by MOIL Limited and Forfeiture of Earnest Money Deposit (EMD) amounting to ₹50 Lakhs |
This cancellation effectively concludes the contract which was initially reported to the exchanges with a total order value of ₹230 Crores.
SEPC Stock Price Movement
Today, SEPC Limited shares edged higher, settling at ₹7.81 after gaining 5.65%. The equity closed on strong momentum, supported by total trading volume of 16.16 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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