FII Stake Increases: This Microcap EPC Stock Bags Rs 673 Crore Order From SAIL; Share Price Jumps 9%

Indian equity benchmarks traded higher during Monday's opening session, with the benchmark Nifty 50 index rising 342.80 points, or 1.45 per cent, to 23,965.70. Amid the positive market sentiment, SEPC share price surged 8.83 per cent to Rs 7.52 after the company announced a major order win from Steel Authority of India Limited (SAIL).

SEPC Secures Rs 673 Crore EPC Contract

SEPC Limited has received an Engineering, Procurement and Construction (EPC) contract worth Rs 673.32 crore (net of taxes) from SAIL's IISCO Steel Plant, Burnpur, for its 4.08 MTPA Crude Steel Expansion Project.

The order comprises two key packages under the expansion programme. The Coke Oven Balance of Plant (COB-3) package, excluding civil and structural works, is valued at Rs 296.77 crore, while the Sinter Plant Balance of Plant (SP-2) package, including civil and structural works, is valued at Rs 376.56 crore.

Both projects are expected to be executed over a period of 30 to 33 months, providing long-term execution visibility and strengthening the company's order book.

Strengthens Presence In Industrial EPC Segment

The latest order marks a significant addition to SEPC's industrial EPC portfolio and further strengthens its position in steel and heavy industrial infrastructure projects.

The contract from one of India's largest integrated steel producers highlights the company's engineering, procurement and project execution capabilities. The project also aligns with the ongoing expansion and modernisation initiatives taking place across India's steel sector.

Management Commentary

Commenting on the development, Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: "This order from SAIL's IISCO Steel Plant represents a significant milestone for SEPC and highlights the confidence that leading public sector enterprises place in our engineering expertise and project execution capabilities. The project aligns well with our strategy of expanding our footprint in large industrial and process infrastructure projects. India's steel industry is entering a phase of sustained capacity expansion driven by infrastructure development, manufacturing growth, and the nation's long-term economic ambitions. We believe this order positions SEPC favourably to participate in this transformation while strengthening our order book and enhancing future revenue visibility."
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SEPC Shareholding Update

As of the March 2026 quarter, foreign institutional investor (FII) holding increased to 0.96 per cent from 0.60 per cent in the previous quarter. Meanwhile, domestic institutional investor (DII) holding declined to 13.91 per cent from 14.55 per cent.

About The Company

SEPC Ltd is an Engineering, Procurement, Construction and Commissioning (EPCC) solutions provider with end-to-end capabilities across infrastructure and industrial projects. The company offers integrated design, engineering, procurement, construction and project management services across water infrastructure, metallurgy and process plants, power plants, mines and mineral processing, and road infrastructure.

The company operates through 11 offices across India and one international office, executing projects across multiple sectors and geographies. With a growing order book and diversified EPC expertise, SEPC continues to focus on expanding its presence in large industrial and infrastructure projects.

What are your views on SEPC's Rs 673 crore order win from SAIL and its growth prospects in the EPC sector? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.