SEPC Limited
SEPC (Shriram EPC Ltd till February 2021) was incorporated in June 2000. The company became majority owned by Mark AB since September 2022 post infusion of Rs 350 crore. SEPC specialises in executing EPC contracts, providing integrated solutions encompassing design, engineering, procurement, construction and project management services in water, process and process and metallurgy, and infrastructure segments.
What SEPC files
- Others54
- Updates34
- Important23
- Board Meeting18
- New Orders12
- QIP/Rights/Pref.4
SEPC-Furlong JV's EPC Sub-Contract for Rs. 521.46 Cr to upgrade a UP road section has been terminated. This significant contract cancellation impacts future revenue. The matter has been referred to arbitration.
SEPC's JV secured an EPC sub-contract from Shalimar Corp for the Shahjahanpur–Bisalpur road upgrade in UP. This order is valued at Rs. 521.46 Cr, significantly boosting the company's order book.
SEPC received final call money for 24,236,652 partly paid rights issue shares, out of 49,291,505. The Committee approved converting these 24.24 million shares into fully paid-up equity. This step partially completes the rights issue and strengthens the company's capital.
SEPC Limited received an Administrative Warning Letter from SEBI for delayed disclosure regarding arbitration proceedings and a settlement with Hindustan Copper Limited. The company affirmed its commitment to strengthening compliance.
SEPC Limited announced the cancellation of a Letter of Intent (LOI) from TCIL, revoking a previously disclosed business development. This impacts potential future projects. The company is taking necessary steps to address the matter.