SEPC wins ₹855 crore SAIL-IISCO contract, shares jump 11%
In short
SEPC won an ₹855 crore contract from SAIL-IISCO, and its shares rose 11%. The work covers the pellet plant package, including civil and structural jobs, at Burnpur.
This matters because the new order adds to SEPC’s business and its order book has crossed ₹10,000 crore. The report does not say when the order book hit that level.
What the reporting says
SEPC shares jumped 11% after the company won an ₹855 crore contract from SAIL-IISCO for the pellet plant balance of plant package, including civil and structural works, at Burnpur. The project is part of SAIL-IISCO’s 4.08 million tonnes per annum crude steel expansion. The report also says SEPC’s order book has crossed ₹10,000 crore, though the timing of that figure is not detailed.
Why it matters
SEPC won an ₹855 crore contract for the pellet plant balance of plant package, including civil and structural works, as part of SAIL-IISCO’s 4.08 million tonnes per annum crude steel expansion project at Burnpur. The market reacted with an 11% share-price jump, and the company’s order book is reported to have crossed ₹10,000 crore. The report does not give the execution timeline.