SEPC Ltd

SEPC announced that its board of directors has approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi in a share swap deal worth Rs 1530 crore.  This acquisition marks a significant strategic milestone in SEPC's journey to expand its global footprint and strengthen its presence in the high-growth Oil & Gas engineering sector, particularly across the Middle East and North Africa (MENA) region. Avenir International Engineers and Consultants LLC is a well-established engineering services company specializing in Oil & Gas Engineering, Front-End Engineering Design (FEED), and Project Management Consultancy (PMC). With a strong presence in the MENA region and a robust order book of approximately AED 500 million, Avenir brings deep domain expertise and established client relationships with leading entities such as ADNOC and DEWA.Powered by Capital Market - Live

The key equity indices traded with significant gains in morning trade supported by positive global sentiment after Donald Trump announced a temporary pause on potential strikes on Iran's energy infrastructure, indicating possible de-escalation in Middle East tensions. However, investor sentiment remained guarded due to uncertainty over the Strait of Hormuz reopening. Nifty traded above the 22,700 level ahead of the expiry of NSE derivative contract. IT shares witnessed buying demand after declining in the past trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex surged 739.04 points or 1.03% to 73,447.18. The Nifty 50 index soared 220.85 points or 0.97% to 22.727.55. In the broader market, the BSE 150 MidCap Index rose 0.69% and the BSE 250 SmallCap Index rose 0.42%. The market breadth was strong. On the BSE, 2,554 shares rose and 1,382 shares fell. A total of 214 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term declined 4.10% to 25.63. US-Iran Warfare The ongoing conflict in the Middle East continues to intensify, keeping global investors cautious as the war enters its fourth week, raising concerns about energy security and global economic stability. Donald Trump has said that based on the 'tenor and tone' of the ongoing discussions, he has instructed the US department of war to postpone any planned military strikes on Iranian power plants and energy infrastructure for five days. According to the chief of the International Energy Agency (IEA), nearly 40 energy assets 'severely damaged' in conflict; warns of 'worst' crisis. IPO Update: The initial public offer (IPO) of Central Mine Planning & Design Institute received bids for 2,21,44,560 shares as against 7,97,89,500 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.28 times. The issue opened for bidding on 20 March 2026 and it will close on 24 March 2026. The price band of the IPO is fixed between Rs 163 and 172 per share. The initial public offer (IPO) of Sai Parenteral's received bids for 86,792 shares as against 75,22,486 shares on offer, according to stock exchange data at 11:21 IST on Tuesday (24 March 2026). The issue was subscribed 0.01 times. The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 372 and 392 per share. The initial public offer (IPO) of Amir Chand Jagdish Kumar (Exports) received bids for 38,71,770 shares as against 1,89,05,270 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.20 times. The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 201 and 212 per share. The initial public offer (IPO) of Powerica received bids for 88,726 shares as against 2,05,55,171 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.00 times. The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 375 and 395 per share. Buzzing Index: The Nifty IT index jumped 1.12% to 29,474.20. The index declined 0.18% in the past trading session. Tech Mahindra (up 1.4%), Infosys (up 1.23%), HCL Technologies (up 1.14%), Oracle Financial Services Software (up 0.46%), Mphasis (up 0.43%), LTIMindtree (up 0.35%), Wipro (up 0.33%), Persistent Systems (up 0.22%) and Tata Consultancy Services (up 0.16%) advanced. Stock in Spotlight: SEPC rose 2.80% after the company announced the acquisition of a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC. The deal, valued at around AED 708 million (approximately Rs 1,530 crore), is part of SEPC's strategy to expand its global footprint in the oil and gas engineering sector. Global Markets: Asia markets jumped on Tuesday as signs of de-escalation in the Middle East conflict moderated oil prices. The gains came after U.S. President Donald Trump said Monday he had instructed the U.S. military to delay planned strikes on Iran's power plants and energy facilities for five days, after discussions with Iranian officials. The development gave investors hope that the Middle East conflict that spiked oil prices and raised fears of a global recession was nearing an end. However, Iranian state media, citing an unnamed senior security official in a Telegram post, disputed Trump's account, denying that any talks had taken place between Washington and Tehran. Meanwhile, Japan's Nikkei 225 and the Topix indices clocked strong gains after the country's headline inflation rate eased for a fourth straight month in February as the economy cooled on stabilizing food prices and fuel subsidies. The consumer price index fell to 1.3% last month, according to data released by Japan's Statistics Bureau Tuesday, marking the lowest since March 2022 and below the central bank's 2% target, down from 1.5% in January. Overnight in the U.S., stocks rallied after President Donald Trump said the U.S. and Iran have held talks. The Dow Jones Industrial Average jumped 631 points, or 1.38%, to close at 46,208.47. The S&P 500 rose 1.15% and ended at 6,581.00, while the Nasdaq Composite gained 1.38% and settled at 21,946.76.Powered by Capital Market - Live

The deal, valued at around AED 708 million (approximately Rs 1,530 crore), is part of SEPC's strategy to expand its global footprint in the oil and gas engineering sector. The transaction will be executed through a share swap arrangement and is expected to be completed within six months, subject to approvals from lenders and shareholders. Avenir is an established engineering consultancy firm specialising in oil and gas engineering, front-end engineering design (FEED), and project management consultancy, with a strong presence in the Middle East and North Africa (MENA) region. It has an order book of approximately AED 500 million and counts ADNOC and DEWA among its key clients. SEPC said the acquisition will enable its entry into the global oil and gas EPC and consulting ecosystem, while strengthening international execution capabilities and geographic diversification. It is also expected to provide access to higher-margin engineering services and create a scalable growth platform in the MENA region. The company added that the move aligns with its long-term strategy of building a globally diversified engineering platform and enhancing value creation through synergies in engineering, procurement and project execution. Avenir reported revenue of AED 73.93 million in FY24, compared with AED 69.17 million in FY23 and AED 31.91 million in FY22. SEPC, formerly Shriram EPC, is an EPC company offering turnkey solutions across water and wastewater, roads, industrial infrastructure and mining sectors, serving both central and state government clients in India. The company's consolidated zoomed 236.9% to Rs 14.96 crore on 156.3% jump in revenue from operations to Rs 340.97 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

SEPC will hold a meeting of the Board of Directors of the Company on 23 March 2026.Powered by Capital Market - Live

On a standalone basis, excluding SEPC FZE, the company's order book stood at Rs 7,255 crore, marking a sharp increase from Rs 4,501 crore as on 31 March 2025. The nearly 61% expansion within nine months' underscores accelerated order conversion, improved market credibility and increasing participation in execution-intensive projects. SEPC continues to maintain a domestic-led growth profile while retaining a meaningful global footprint. Of its consolidated order book of Rs 10,455 crore, domestic projects account for Rs 5,055 crore (48%), while international projects contribute Rs 5,400 crore, including Rs 2,200 crore under SEPC and Rs 3,200 crore through SEPC FZE. The strong domestic exposure positions the company to benefit from India's ongoing infrastructure upcycle and sustained public sector capital expenditure, while the overseas portfolio adds geographic diversification and cross-border execution capabilities. During FY26 (up to 31 December 2025), the company secured fresh orders worth Rs 5,954 crore, reflecting robust bidding momentum and rising client confidence. The expanded order pipeline enhances multi-year revenue visibility and strengthens execution visibility, with disciplined project selection and improved scale expected to support sustained revenue growth, better operating leverage and stronger balance sheet resilience. Commenting on the strengthening order book, Venkataramani Jaiganesh, MD of SEPC, said: 'We are encouraged by the strong order momentum we are witnessing this year. It reflects the confidence our clients have in our execution capabilities and the focused efforts of our teams across projects. The broader infrastructure push and continued industry tailwinds are creating meaningful opportunities, and we are approaching them with discipline and clarity. Our priority remains efficient execution, prudent financial management, and building a resilient business that can sustain growth over the long term.' SEPC The company provides end-to-end solutions to engineering challenges, offering multi disciplinary design, engineering, procurement, construction and project management services. The company's consolidated zoomed 236.9% to Rs 14.96 crore on 156.3% jump in revenue from operations to Rs 340.97 crore in Q3 FY26 over Q3 FY25. Shares of SEPC rose 0.62% to currently trade at Rs 8.13 on the BSE. Powered by Capital Market - Live

SEPC announced that the company's consolidated order book stands at Rs 10,455 crore as on 31 December 2025. On standalone basis, the order book stands at Rs 7,255 crore, representing a multifold increase from 4,501 crore as on 31 March 2025. The standalone order book of Rs 7,255 crore is strategically diversified across structurally supported sectors:  - Mining: Rs 2,991 crore (≈41%)  - Construction: Rs 2,609 crore (≈36%) - Water &: Rs 911crore (≈14%) - Power: Rs 600 crore (≈8%)  - Roads, Oil & Gas & Others: Balance portfolio Of the consolidated Rs 10,455 crore order book:  - Domestic Projects: Rs 5, 055 crore (≈48%)  - International (SEPC): Rs 2,200 crore (≈21%)  - International (SEPC FZE): Rs 3,200 crore (≈31%)Powered by Capital Market - Live

SEPC has received a Letter of Intent (LOI) from Telecommunications Consultants India (TCIL), a Government of India enterprise, for the implementation of a Smart Prepaid Metering project in Punjab (Central Zone) under the Revamped Distribution Sector Scheme (RDSS). The project will be executed on a Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis in consortium with Adya Smart Metering, with a total project value of Rs 313.96 crore. It encompasses the design, deployment, integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure for Punjab State Power Corporation Limited (PSPCL), in accordance with the client's tender and applicable scheme guidelines. Payments will be made on a back-to-back basis, linked to defined monthly, quarterly, and annual milestones during the post operational Go-Live phase.Powered by Capital Market - Live

Net profit of SEPC rose 236.94% to Rs 14.96 crore in the quarter ended December 2025 as against Rs 4.44 crore during the previous quarter ended December 2024. Sales rose 156.29% to Rs 340.97 crore in the quarter ended December 2025 as against Rs 133.04 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales340.97133.04 156 OPM %8.382.56 - PBDT19.4420.70 -6 PBT18.1519.47 -7 NP14.964.44 237 Powered by Capital Market - Live

SEPC will hold a meeting of the Board of Directors of the Company on 7 February 2026.Powered by Capital Market - Live

SEPC will hold a meeting of the Board of Directors of the Company on 2 February 2026.Powered by Capital Market - Live