SEPC Wins ₹854.57 Crore SAIL Contract for Burnpur Steel Expansion Project
SEPC Limited has secured a major engineering, procurement, and construction (EPC) contract worth ₹854.57 crore from Steel Authority of India Limited (SAIL). The order strengthens the company’s position in India’s industrial infrastructure sector and adds another marquee project to its growing order book.
The project is part of SAIL-IISCO Steel Plant’s (ISP) 4.08 million tonnes per annum (MTPA) crude steel expansion programme at Burnpur, West Bengal.
SEPC Receives Letter of Acceptance from SAIL
SEPC Limited announced that it has received a Letter of Acceptance (LoA) from Steel Authority of India Limited (SAIL) – IISCO Steel Plant (ISP), Burnpur for executing the Pellet Plant Balance of Plant (BOP), including Civil and Structural Works (Pellet Package-2).
The contract is valued at ₹854.57 crore (net of Input Tax Credit) and will be executed over a period of 32 months.
The announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details at a Glance
| Particular | Details |
|---|---|
| Company | SEPC Limited |
| Client | Steel Authority of India Limited (SAIL) – IISCO Steel Plant, Burnpur |
| Project | Pellet Plant BOP including Civil & Structural Works (Pellet Package-2) |
| Order Value | ₹854.57 Crore |
| Project Duration | 32 Months |
| Steel Expansion Capacity | 4.08 MTPA Crude Steel Expansion |
| Segment | Industrial EPC |
Strategic Importance of the Project
The project forms a key part of SAIL’s expansion plans aimed at increasing steel production capacity to meet India’s growing infrastructure and manufacturing demand.
For SEPC, this order represents:
- One of the company’s largest industrial EPC contracts.
- A significant addition to its order book.
- Strengthened relationships with a leading public sector steel producer.
- Increased visibility in large-scale industrial infrastructure projects.
The contract further reinforces SEPC’s expertise in executing complex industrial facilities involving engineering, civil construction, and structural works.
Strengthening SEPC’s Industrial EPC Business
SEPC has steadily expanded its presence across multiple infrastructure sectors, including:
- Industrial Infrastructure
- Water & Wastewater Management
- Roads
- Mining
- Process Plants
The company has successfully delivered projects for both central and state government agencies as well as private sector clients.
With this latest SAIL contract, SEPC continues to strengthen its credentials as a trusted EPC partner for large industrial projects across India.
Management Commentary
Commenting on the order, Managing Director Venkataramani Jaiganesh said the Letter of Acceptance from SAIL-IISCO Steel Plant demonstrates the confidence customers have in SEPC’s engineering expertise and project execution capabilities.
He added that as India’s steel industry continues to expand, SEPC remains committed to delivering the project with the highest standards of quality, safety, and operational excellence. According to him, the project provides strong momentum to the company’s industrial EPC business and further enhances its project portfolio.
Financial Performance Highlights
SEPC has shown strong financial improvement in FY26.
| FY26 Performance | Value |
|---|---|
| Total Income | ₹1,085.8 Crore |
| EBITDA | ₹108.9 Crore |
| Net Profit | ₹53.5 Crore |
For comparison, the company reported:
- FY25 Total Income: ₹646.0 crore
- Net Profit: More than doubled in FY26 compared to FY25
The improving financial performance, combined with a growing order pipeline, positions SEPC for continued growth in the infrastructure and industrial EPC sectors.
What This Means for Investors
Winning a contract of this size is a positive development for SEPC as it:
- Improves long-term revenue visibility.
- Expands its industrial EPC order book.
- Enhances execution opportunities over the next 32 months.
- Demonstrates strong customer confidence from a major government-owned steel producer.
- Supports future growth in India’s infrastructure and manufacturing sectors.
As public and private investments in steel, manufacturing, and infrastructure continue to rise, companies with proven execution capabilities like SEPC could benefit from increasing project opportunities.
About SEPC Limited
SEPC Limited (formerly Shriram EPC Limited) is an Indian Engineering, Procurement, and Construction (EPC) company providing turnkey solutions across:
- Water & Wastewater
- Industrial Infrastructure
- Roads
- Mining
- Process Plants
The company undertakes the design, procurement, construction, and commissioning of large infrastructure projects for government and private sector clients across India.