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 gained approval to acquire Wintality Petroleum FZE, marking its entry into UAE petroleum trading. This 100% acquisition uses a non-cash share swap via its subsidiary, ensuring no cash outflow and SEPC retains 95.75% ownership, expanding its international footprint.
SEPC's Q1 financial results show revenue up 40% YoY to ₹282 Cr. However, the company posted a net loss of ₹11 Cr, primarily due to overseas margin pressure. The order book remains strong at ₹10,670 Cr, boosted by a new ₹952 Cr SAIL Pellet Plant order.
SEPC received a banning order from TCIL linked to a cancelled Smart Metering Project. The company strongly disputes the order and is pursuing legal challenges to safeguard its business and shareholder value.
SEPC secured a major order worth ₹854.57 Cr from SAIL for Pellet Plant BOP and Civil/Structural works. This 32-month project strengthens SEPC's leadership in the industrial EPC segment, significantly boosting its project portfolio.
SEPC will acquire up to 90% in UAE-based Avenir for ₹1,530 Cr via 153 Cr preferential shares, expanding Middle East oil & gas presence without cash. It also increased authorized share capital to ₹6,000 Cr and borrowing limits to ₹7,500 Cr for growth.