CHENNAI — In a major industrial breakthrough, engineering major SEPC Limited has bagged a high-value contract worth ₹673.32 crore from the Steel Authority of India Limited (SAIL). The strategic mandate is tied directly to the 4.08 million tonnes per annum (MTPA) crude steel capacity scaling project at SAIL’s flagship IISCO Steel Plant (ISP) in Burnpur, West Bengal.
The deal cements SEPC’s presence in the heavy industrial engineering sector and provides the firm with robust revenue visibility over the medium term.
Twin-Package Breakdown and Execution Targets
The comprehensive contract (valued net of taxes) has been segmented into two high-priority technological assignments designed to streamline raw material processing at the steel mill:
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The Coke Oven Package (COB-3): Valued at ₹296.77 crore, this Balance of Plant (BOP) package focuses purely on engineering, procurement, and equipment commissioning, with civil and structural designs handled externally.
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The Sinter Plant Package (SP-2): A larger turn-key mandate valued at ₹376.56 crore that tasks SEPC with complete execution, explicitly including all heavy civil works and structural installations.
Both industrial packages are strictly scheduled to be completed over an execution window of 30 to 33 months.
Post-Restructuring Financial Surge
The order caps off a strong growth phase for SEPC Limited (previously recognized as Shriram EPC Limited), a multi-disciplinary infrastructure firm operating across water management, mining, and process engineering. The company’s recent financials point to a highly successful operational turnaround:
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Top-Line Surge: Total income surged to ₹1,085.8 crore in FY26, representing an aggressive leap from the ₹646 crore logged during the previous fiscal cycle.
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Profit Multiplier: Core operational earnings (EBITDA) reached ₹108.9 crore, allowing net profit to leap past the 100% growth mark to settle at ₹53.5 crore.
Feeding India’s Macro Infrastructure Boom
Venkataramani Jaiganesh, Managing Director of SEPC Limited, highlighted that the order underscores the confidence public sector heavyweights place in the company’s project delivery metrics.
He stated that the domestic steel ecosystem is entering an intense, multi-year expansion cycle driven by national manufacturing targets and rapid real-estate growth. Jaiganesh added that this contract strategically positions SEPC to capture a larger share of the heavy industrial market as major steelmakers aggressively ramp up their underlying capacities.
