Chennai, February 10, 2026: SEPC Limited (NSE: SEPC | BSE: 532945) has secured a major infrastructure order valued at approximately ₹314 crore for the execution of a smart prepaid metering project in Punjab, marking a significant addition to its order book and reinforcing its presence in the power distribution segment.
Order Details and Execution Framework
The company has received a Letter of Intent for the implementation of the smart prepaid metering project in Punjab’s Central Zone. The total project value stands at ₹313.96 crore and will be executed under a Design, Build, Finance, Own, Operate and Transfer model in consortium with Adya Smart Metering Private Limited.The scope of work includes end-to-end activities such as design, deployment, system integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure. Payments under the project will be milestone-linked across monthly, quarterly, and annual phases following the post-operational go-live stage, providing visibility on cash flows over the project lifecycle.
Strategic Significance
Commenting on the development, Managing Director Venkataramani Jaiganesh said the order reflects continued client confidence in SEPC’s execution capabilities across complex infrastructure projects. He added that smart metering remains a critical pillar of power sector reforms and the project allows the company to further deepen its presence in this segment while maintaining a disciplined approach to risk and capital deployment.Recent Financial Performance
SEPC reported strong operating momentum during the current financial year. For the nine months ended December 2025, the company posted consolidated revenue of ₹796.89 crore, EBITDA of ₹83.60 crore, and net profit of ₹39.81 crore. The nine-month revenue has already surpassed the full-year FY25 revenue of ₹597.7 crore, underlining a sharp improvement in business traction.About the Company
SEPC Limited, formerly known as Shriram EPC Limited, is a diversified engineering, procurement, and construction company with operations spanning water and wastewater, roads, industrial infrastructure, mining, and power-related projects. Listed on both the NSE and BSE, the company undertakes large-scale infrastructure assignments for public sector and government-linked clients across India and continues to play an active role in the country’s infrastructure development cycle.Source:
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