SEPC has secured orders worth ₹673.32 crore from Steel Authority of India Limited – IISCO Steel Plant (SAIL-ISP) for the execution of Balance of Plant (BOP) works. The contracts are part of SAIL-ISP's ongoing 4.08 MTPA crude steel capacity expansion project at Burnpur. This order win reinforces SEPC's position in the steel infrastructure sector.

Order Details

The company received Letters of Acceptance (LoA) on June 11, 2026, for two distinct packages. The first package covers the Coke Oven BOP, excluding civil and structural works, valued at ₹296.77 crore. The second package encompasses the Sinter Plant BOP, including civil and structural works, valued at ₹376.55 crore.

Project Scope and Timeline

The Coke Oven BOP package (COB-3) excludes civil and structural elements, while the Sinter Plant BOP package (Sinter Package-2) includes them. Both orders are domestic contracts. The execution period is set at 30 months for the Coke Oven works and 33 months for the Sinter Plant works, calculated from the effective date of the contract. The effective date is defined as the date of signing the contract or 30 days from the LoA date, whichever is earlier.

SEPC Limited has reported a consolidated net profit of ₹53.54 crore for the financial year ended March 31, 2026, surging 115.53% from ₹24.84 crore in the previous year. Total income from operations rose 68.08% to ₹1,085.84 crore from ₹646.02 crore in FY25. The company announced its unaudited financial results for Q4 and FY26 on May 26, 2026, marking a year of robust operational progress.

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹13.73 crore on a total income of ₹288.95 crore. On a standalone basis, the net profit for FY26 was ₹20.97 crore, compared to ₹25.15 crore in the previous year, with total income from operations at ₹579.09 crore.

Consolidated Financial Performance

The following table summarizes the consolidated financial results for the year ended March 31, 2026:

Business Highlights

The company achieved a robust order book of around ₹10,000 crore with record FY26 order inflows, establishing a strong, visible multi-year revenue pipeline. Additionally, SEPC Limited completed the strategic acquisition of a 90% stake in Avenir International Engineers and Consultants LLC to enhance technical capabilities and expand its global footprint.

Auditor's Report

MSKA & Associates LLP, the statutory auditors, issued a qualified opinion on the consolidated and standalone financial results. The qualifications relate to the carrying value of Deferred Tax Assets (DTA) amounting to ₹281.88 crore recognized on carried forward business losses, and the recoverability of overdue balances in non-current contract assets and trade receivables amounting to ₹90.38 crore and ₹58.45 crore respectively. The auditors noted a lack of sufficient appropriate audit evidence to corroborate management's assessments regarding these matters. The financial statements have been prepared on a going concern basis, supported by the implementation of a resolution plan, equity infusion, and the completion of a rights issue.