Penny stock below Rs 10: Company receives Rs 86 crore contract to develop Bihta Airport civil enclave

DSIJ Intelligence-2 / 08 Dec 2025/ Categories: Mindshare, Trending

The stock is up 5.14 per cent from its 52-week low of Rs 8.75 per share and gave multibagger returns of 145 per cent in 5 years.

SEPC Limited has announced, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that its unincorporated joint operation, the SEPC-Furlong JV, has received a Letter of Award (LOA). This LOA designates the JV as the Service Provider for the project titled "Development of New Civil Enclave at Bihta, Bihta Airport – Bihar," with the total consideration amounting to Rs 86 crore. This work award is an initial step and will be strictly governed by the terms and conditions outlined in a formal Service Agreement, which is expected to be shared with the SEPC-Furlong JV shortly.

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About the Company

SEPC Limited, previously known as Shriram EPC Limited, is a well-established company providing turnkey EPC (Engineering, Procurement, and Construction) solutions across key infrastructure sectors. The company's expertise lies in the design, procurement, construction, and commissioning of large and complex projects in India, particularly within the Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. Serving a wide range of clients, including both Central and State Government agencies, SEPC plays a significant and continued role in advancing India's infrastructure development.

In Q1FY26, total income increased by 14 per cent to Rs 203.8 crore, EBITDA increased by 12 per cent to Rs 29.8 crore and net profit increased by 105 per cent to Rs 16.5 crore compared to Q1FY25. In FY25, SEPC reported a revenue of Rs 598 crore, EBITDA of Rs 51crore and net profit of Rs 25 crore.

Domestic Institutional Investors (DIIs) own a 14.52 per cent stake in the company and the majority of DIIs are Punjab National Bank (PNB), Central Bank of India, The South Indian Bank, Axis Bank, Bank of India (BOI) and IndusInd Bank. SPEC has a market cap of over Rs 1,700 crore. The stock is up 5.14 per cent from its 52-week low of Rs 8.75 per share and gave multibagger returns of 145 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.