SEPC Limited has secured a major aviation infrastructure contract through a joint venture arrangement, marking a significant milestone for the company's business expansion.

Project Details

The company-led joint venture has won the aviation infrastructure project at Bihta Airport in Patna, with the contract valued at ₹86 crores. This represents a substantial addition to the company's order book and demonstrates its competitive positioning in the infrastructure development sector.

Strategic Significance

This contract win highlights SEPC Limited's expertise in aviation infrastructure development and its ability to successfully compete for large-scale projects. The Bihta Airport project adds to the company's portfolio in the infrastructure sector, particularly in aviation-related developments.

The joint venture structure for this project demonstrates the company's strategic approach to leveraging partnerships for major infrastructure undertakings. This collaboration model allows for resource optimization and risk sharing while maintaining project leadership.

Business Impact

The ₹86 crore contract represents a significant business development for SEPC Limited, contributing to its revenue pipeline and reinforcing its market presence in infrastructure development. The project's location in Patna also indicates the company's geographic expansion capabilities across different regions in India.

This aviation infrastructure project at Bihta Airport positions SEPC Limited as a capable player in the specialized aviation infrastructure segment, which requires specific technical expertise and regulatory compliance capabilities.

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.