SEPC Limited has executed a Memorandum of Understanding (MOU) for a significant ₹3,300 crore mining consortium project, marking a major business development for the infrastructure company. The company disclosed this material event under Regulation 30 of SEBI (LODR) Regulations, 2015, while also reporting strong financial performance in H1 FY26.

Project Partnership and Structure

SEPC Limited executed the MOU on December 14, 2025, with M/s Jai Ambey Roadlines Private Limited (JARPL) and M/s Avinash Transport (AT), who have formed a consortium under the name JARPL-AT Consortium. The project has been awarded by South Eastern Coalfields Limited (SECL) for the Rampur Batura Opencast Coal Mine Project.

Project Scope and Services

The comprehensive project scope encompasses multiple aspects of mining operations. SEPC Limited's role is structured to support execution across the lifecycle of the mining operation through an asset-light and capital-efficient structure.

Strong Financial Performance in H1 FY26

SEPC Limited reported robust financial performance in H1 FY26, demonstrating significant improvement in execution and margin profile. The company achieved strong operational results that position it well for continued growth.

Notably, the net profit achieved in the first half of FY26 has already surpassed the full-year net profit of FY25, indicating significant improvement in execution capabilities and operational efficiency.

Strategic Significance and Management Commentary

According to Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, this association strengthens the company's mining portfolio and reinforces its strong and diversified order book. The engagement aligns with the company's focus on long-term projects that offer scale, revenue visibility, and execution certainty.

The structured nature of the engagement allows SEPC to participate efficiently while leveraging its project management and execution capabilities. This participation in the mining consortium project represents a significant addition to the company's project portfolio in the infrastructure development sector.

SEPC Limited has successfully resolved its ongoing dispute with Hindustan Copper Limited (HCL) through the execution of a Settlement Deed, bringing positive financial implications and strengthening business relations between the two entities. The resolution was announced on December 11, 2025, marking the closure of arbitration proceedings in Case No. AP No. 163 of 2023.

Settlement Agreement Details

The comprehensive settlement agreement encompasses significant financial components that demonstrate the constructive resolution of all inter-se claims and counter-claims. Under the terms of the settlement, SEPC Limited will receive ₹30.45 crore as full and final settlement, effectively closing all pending arbitration matters between the parties.

Additionally, Hindustan Copper Limited has confirmed the issuance of a supplementary work order worth ₹72.55 crore related to the ongoing vertical shaft sinking project, significantly enhancing the project's overall value.

Strategic Business Impact

The settlement brings multiple strategic advantages for SEPC Limited's operations and financial position. The agreement strengthens cash flows by providing immediate liquidity and unlocking value previously stuck in dispute proceedings. The closure of legacy arbitration eliminates prolonged legal uncertainty and associated administrative burden.

Mr. Venkataraman Jaiganesh, Managing Director of SEPC Limited, commented on the development: "This settlement brings a positive and timely closure to a long-pending matter. We appreciate the constructive approach taken by Hindustan Copper Limited in reaching this resolution. The additional work order is a meaningful endorsement of SEPC's execution strength in specialized mining infrastructure."

Mining Infrastructure Portfolio Enhancement

The supplementary work order significantly expands SEPC's project pipeline and reaffirms the company's capabilities in complex underground mining infrastructure. This development boosts the company's mining EPC portfolio and supports near-term revenue and execution momentum for the upcoming financial year.

The resolution demonstrates SEPC's ability to manage and resolve complex business disputes effectively while maintaining strong client relationships. For investors and market observers, this development represents a positive indicator of the company's business management capabilities and its capacity to secure substantial contracts in challenging situations.