Order Win / EPC Contract
SEPC-Furlong JV Bags ₹521.46 Crore EPC Road Project in Uttar Pradesh
NSE
sepc
BSE
532945
SEPC Limited informed exchanges that its unincorporated joint venture, SEPC-Furlong JV, has signed an EPC subcontract with Shalimar Corp Limited for the widening and upgradation of the Shahjahanpur–Bisalpur road section in Uttar Pradesh. The total contract value stands at ₹521.46 crore.
PRICE-SENSITIVE TRIGGER
Event: SEPC-Furlong JV secured an EPC subcontract for a road infrastructure project in Uttar Pradesh.
Type: Order Win / EPC Contract
Impact: Positive
Immediate Effect: The large order win strengthens SEPC’s order book and improves project execution visibility in the infrastructure segment.
Key Metrics:
- Total EPC subcontract value stands at ₹521.46 crore
- Project awarded on a lump-sum turnkey basis
- Contract relates to road widening and four-lane upgradation works
Highlight Metric:
- ₹521.46 Crore EPC Road Infrastructure Contract Secured
What Happened ?
SEPC Limited announced that its unincorporated joint venture, SEPC-Furlong JV, has entered into an EPC subcontract agreement with Shalimar Corp Limited.
The contract involves widening and upgrading the Shahjahanpur–Bisalpur section in Uttar Pradesh into a four-lane configuration. The joint venture has also received a Letter of Acceptance (LOA) for the project.
The order has been awarded on a lump-sum turnkey basis with a total contract consideration of ₹521.46 crore.
key highlights
Contract Structure:
- Widening and upgradation of Shahjahanpur–Bisalpur road section
- Conversion into a four-lane road configuration
- Project located in Uttar Pradesh
- Executed through SEPC-Furlong JV
Note:
- The order strengthens SEPC’s infrastructure project pipeline and execution visibility.
Contract Structure:
- EPC subcontract signed with Shalimar Corp Limited
- Project awarded on lump-sum turnkey basis
- Letter of Acceptance (LOA) has been received by the JV
Risk Analysis
Key Risks:
- Delays in execution may impact revenue recognition
- Commodity and raw material price fluctuations can affect margins
- Infrastructure projects may face regulatory or land-related delays
- Working capital requirements may increase during project execution
Worst Case Scenario:
- Project delays or cost overruns could impact profitability and cash flows from the contract.
Risk Level: Medium
Company Commentary
- SEPC confirmed signing of the EPC subcontract through its joint venture.
- The company stated that the project has been awarded for widening and four-lane upgradation works in Uttar Pradesh.
- The JV has received the LOA for a total contract value of ₹521.46 crore.
Official Exchange Filing: SEPC Limited