SEPC Ltd has secured orders worth ₹673.32 crore from Steel Authority of India Ltd (SAIL) for the 4.08 million tonnes per annum (MTPA) crude steel expansion project at IISCO Steel Plant (ISP), Burnpur.
The order strengthens SEPC’s presence in the industrial EPC segment and marks a significant milestone in its strategy to expand its footprint in large-scale steel and heavy industrial infrastructure projects.
Project scope
The contract comprises two major packages under the expansion project. The Coke Oven Balance of Plant (BOP) package is valued at ₹296.77 crore, while the Sinter Plant BOP package is worth ₹376.56 crore.
The projects are scheduled to be executed over a period of 30 to 33 months and are expected to enhance the company’s order book, execution pipeline and long-term revenue visibility.
Management comment
“This order from SAIL’s IISCO steel plant represents a significant milestone for SEPC and highlights the confidence that leading public sector enterprises place in our engineering expertise and project execution capabilities,” said SEPC Managing Director Venkataramani Jaiganesh.
“The project aligns well with our strategy of expanding our footprint in large industrial and process infrastructure projects. India’s steel industry is entering a phase of sustained capacity expansion driven by infrastructure development, manufacturing growth and the nation’s long-term economic ambitions,” he added.
Financial performance
SEPC serves a wide range of clients, including Central and State Government agencies, and continues to be involved in infrastructure development projects across the country.
In FY26, the company reported total income of ₹1,086 crore and a net profit of ₹54 crore, compared with total income of ₹646 crore in the previous year, with net profit more than doubling year-on-year.