Semac Construction Limited has announced a strategic partnership to expand its presence in railway infrastructure development. The company's Board of Directors approved a joint venture agreement on January 19, 2026, marking a significant step in its business expansion strategy.

Joint Venture Partnership Details

The board approved the formation of a joint venture with ALTIS HOLDING CORPORATION, a company registered in Ukraine. This partnership has been specifically established to participate in a major railway infrastructure project.

Railway Station Redevelopment Project

The joint venture will focus on bidding for the redevelopment of Barauni Junction Railway Station, a project under the East Central Railways division. This represents a significant opportunity in India's ongoing railway modernization efforts.

Project Specifications

• Project Name: Redevelopment of Barauni Junction Railway Station
• Railway Division: East Central Railways
• Developing Authority: Ministry of Railways, Chief Engineer (Con)/NC, East Central Railway
• Project Type: Railway station redevelopment and modernization

Strategic Implications

This joint venture represents Semac Construction's strategic move to participate in large-scale railway infrastructure projects. The partnership with an international entity demonstrates the company's ability to form cross-border alliances for major infrastructure developments. The approval through board circulation indicates the management's confidence in this strategic direction.

The company has formally communicated this development to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring complete transparency with stakeholders and regulatory compliance.

Semac Construction Limited , a prominent player in the Engineering, Procurement and Construction (EPC) services sector, has announced its financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance with notable improvements in certain areas.

Revenue and Profitability

For the quarter ended September 30, 2025, Semac Construction reported consolidated revenue from operations of Rs. 5,720.67 lakhs, showing a significant increase from Rs. 5,157.90 lakhs in the previous quarter. This represents a quarter-on-quarter growth of approximately 10.9%, indicating a positive trend in the company's core business activities.

The company's profitability also showed signs of improvement. For the half-year ended September 30, 2025, Semac Construction reported a consolidated net profit after tax of Rs. 104.03 lakhs, a substantial recovery from a loss of Rs. 555.76 lakhs in the corresponding period of the previous year.

Financial Position

As of September 30, 2025, Semac Construction's financial position remained stable:

The company maintained a healthy balance sheet with total assets of Rs. 22,113.85 lakhs and a strong equity base of Rs. 7,497.05 lakhs.

Strategic Developments

During the quarter, Semac Construction made significant strategic moves:

1. Subsidiary Acquisition: On June 26, 2025, the company acquired the remaining 50% equity shares of its associate company, Semac Construction Technologies India Private Limited, making it a wholly-owned subsidiary.

2. Proposed Merger: The Board of Directors approved a scheme of amalgamation between the newly acquired subsidiary and Semac Construction Limited. The scheme has been filed with the National Company Law Tribunal (NCLT) for approval.

Segment Performance

Semac Construction continues to operate primarily in the Engineering, Procurement and Construction Services segment. The company's focus on this core area appears to be yielding positive results, as evidenced by the revenue growth.

Outlook

While the company has shown improvement in its top-line and bottom-line figures, it continues to face challenges in the dynamic construction and engineering sector. The proposed merger, if approved, may lead to operational synergies and potentially impact the company's financial performance in the future.

Investors and stakeholders will be watching closely to see if Semac Construction can maintain this positive momentum in the coming quarters, especially given the broader economic conditions and the cyclical nature of the EPC industry.