SEPC Limited shares climbed sharply on Monday after the company announced a major entry into a Rs 3,300-crore mining consortium project in Madhya Pradesh. The stock was up by around 12 per cent by 11 am, trading at a high of Rs 10.38 on the NSE, compared with a previous close of about Rs 9.12 apiece.
In a regulatory filing, the Chennai-based engineering, procurement and construction (EPC) company said it has signed a Memorandum of Understanding (MoU) with Jai Ambey Roadlines Private Limited and Avinash Transport.
The two partners have formed the JARPL–AT Consortium, which has been awarded a mining contract by South Eastern Coalfields Limited (SECL) for the Rampur Batura Opencast Coal Mine in the Sohagpur area of Shahdol district, Madhya Pradesh.
SEPC said the aggregate contract value under various agreements linked to the project is about Rs 3,299.51 crore, inclusive of taxes, with an estimated tenure of around 10 years. Its scope of work will cover the supply of materials, deployment of machinery and manpower, project management and consultancy, and other associated services across the life cycle of the mining operation.
The company described the engagement as “asset-light and capital-efficient”, allowing it to participate in a large, long-duration project without heavy upfront investment. Management said the deal strengthens SEPC’s mining portfolio, improves revenue visibility and adds stability to its order book. The project also builds on a recent run of order wins in mining and infrastructure, which have pushed the company more firmly into the resources space.
SEPC highlighted that it has already seen a turnaround in performance in the current financial year. For the first half of FY26, it reported consolidated income of Rs 455 crore, EBITDA of Rs 54 crore and net profit of Rs 24.85 crore, surpassing its full-year FY25 net profit of Rs 24.84 crore, the firm noted in a statement to regulators.
