Penny Stock Below Rs 5: EPC Company Acquires 90% Stake in Abu Dhabi-Based Avenir International for Rs 1,530 Crore

On Tuesday, March 24, 2026, markets opened on a positive note, with the Nifty 50 rising 0.77 per cent to trade at 22,699 as of 11:15 AM. Amid broader market strength, SEPC's share price jumped 6 per cent after the company's Board of Directors approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC in Abu Dhabi. As of March 24, 2026, the SEPC share price is trading at Rs 4.85.

SEPC Acquires 90 per cent Stake in Avenir International Engineers and Consultants LLC

SEPC Limited has announced the acquisition of a 90 per cent equity stake in Avenir International Engineers and Consultants LLC, headquartered in Abu Dhabi. The transaction is structured as a share swap arrangement, with the valuation pegged at approximately 90 per cent of AED 708 million, translating to roughly Rs 1,530 crore. The deal is expected to close within six months, subject to approvals from the company's lenders and shareholders. SEPC has also clarified that the transaction is being undertaken at arm's length and that no promoter or group company holds any interest in the target entity.

Strategic Rationale Behind the Acquisition

As per the exchange filing, the acquisition is expected to enable SEPC's entry into the global Oil & Gas EPC and consulting ecosystem, strengthen its international execution capabilities and geographic diversification, provide access to high-margin engineering services, create a platform for growth in the Middle East and North Africa (MENA) region, and enhance long-term value creation through synergies in engineering, procurement, and project execution.

Management Commentary

Commenting on the development, SEPC Limited Management said, "This acquisition represents a significant step in SEPC's journey towards becoming a globally diversified engineering solutions provider, enabling our entry into the high-growth Oil & Gas segment and strengthening our presence in the MENA region. By combining Avenir's specialised engineering capabilities with SEPC's execution strength, we see strong potential to unlock synergies, enhance our service portfolio, and create a scalable platform for long-term, sustainable growth."

Avenir Management added, "Partnering with SEPC provides a strong foundation to accelerate Avenir's growth ambitions, combining our regional expertise and engineering capabilities with SEPC's proven EPC execution strengths. This collaboration positions us to pursue larger and more complex opportunities, deepen client engagement, and deliver enhanced value through integrated, efficient, and future-ready engineering solutions."

About Avenir International Engineers and Consultants LLC & SEPC Limited

Avenir International Engineers and Consultants was founded in 2007 and is headquartered in Abu Dhabi. Avenir International Engineers and Consultants LLC is an engineering consultancy firm operating in the Oil & Gas Engineering, Front-End Engineering Design (FEED), and Project Management Consultancy (PMC) segments. The firm carries an Order Book of approximately AED 500 million and has established client relationships with entities such as ADNOC and DEWA. Avenir holds certifications including ISO 9001, ISO 14001, and ISO 45001, and is recognised as an ADNOC-approved vendor.

SEPC Limited, formerly known as Shriram EPC Limited, is an EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors in India. The company handles design, procurement, Construction, and commissioning of large infrastructure projects and caters to Central and State Government agencies.

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