Penny Stock Below Rs 20: Company Won Order of Rs 442,79,92,121.11 Irrigation Project Order in Dehri-821307, Bihar

SEPC Limited has secured a significant project for the Jamaniyan to Kakrait Gangajal Lift Irrigation Scheme in the Kaimur district of Bihar. Awarded by the Chief Engineer, Irrigation, Generation, Water Resources Department, Dehri - 821307, the contract is valued at approximately Rs 442,79,92,121.11. This project, part of the Pragati Yatra initiative, highlights SEPC's expertise in large-scale water management and infrastructure solutions. It is designed to enhance irrigation facilities and improve water availability for agriculture, thereby supporting farmers and fostering socio-economic growth in the region.

The project's scope is a comprehensive water supply and irrigation scheme with an expected execution timeline of 24 months. The order was formally allocated by the Chief Engineer, Irrigation, Generation, Water Resources Department, Dehri - 821307. This major domestic contract further solidifies SEPC’s presence in crucial infrastructure development and its commitment to improving water resources across the country. The project is a key step in providing vital support to the agricultural community in the Kaimur district.

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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 15.75 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 2,500 crore. The stock is up 23.6 per cent from its 52-week low of Rs 10.91 per share and gave multibagger returns of 315 per cent in 5 years.

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