SEPC Limited Secures Major Order from SAIL for Pellet Plant Expansion Project
SEPC Limited has been awarded a significant Letter of Acceptance (LoA) by Steel Authority of India Limited (SAIL) – IISCO Steel Plant (ISP), Burnpur. The order pertains to the execution of work related to the Pellet Plant BOP, including Civil & Structural components, for the 4.08 Mtpa Crude Steel Expansion Project at SAIL-ISP Burnpur.The contract, dated August 4, 2026, carries a total value amounting to ₹854,56,71,234.00 (Rupees Eight Hundred Fifty Four Crore Fifty Six Lakh Seventy One Thousand Two Hundred Thirty Four Only), net of Input Tax Credit.
Project Scope and Financial Details
The project involves supplying Pellet Plant BOP including Civil & Structural services for the specified Crude Steel Expansion at SAIL-ISP Burnpur. The order is domestic in nature, and SEPC Limited has been designated to carry out the work over a period of 32 months from the effective date of the contract.Details regarding the contract value and associated financial requirements are provided below:
| Detail | Value |
|---|---|
| Client | Steel Authority of India Limited - IISCO Steel Plant (ISP), Burnpur |
| Project Nature | Pellet Plant BOP including Civil & Structural for 4.08 Mtpa CS Expansion |
| Total Contract Value | ₹854,56,71,234.00 (Net of Input Tax Credit) |
| Contract Duration | 32 months from the effective date |
Security Deposit Requirement
In addition to the contract award, the order specifies a requirement for a security deposit. SEPC Limited is required to submit a security deposit amounting to INR 47,58,01,737.10 (Rupees Forty-Seven Crore Fifty Eight Lakh One Thousand Seven Hundred Thirty-Seven and Ten Paisa only).The contract details emphasize that the LoA constitutes the formation of the contract. The agreement, incorporating all terms and conditions outlined in the tender documents, corrigenda, and agreed commercial and technical deviations, must be signed on non-judicial stamp paper within 30 days from the issuance of the Letter of Acceptance.
SEPC Stock Price Movement
Edging higher to ₹6.35 as of 2:41 PM, SEPC Limited shares are rallying after gaining ₹0.40, pushing the equity up a solid 6.72%. The stock has seen brisk activity in the live market, with over 44.4 million shares trading today.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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