SEPC Limited , a prominent EPC company, has clinched a significant irrigation project contract in Bihar, marking a major milestone in its water infrastructure portfolio. The company, known for its operations across water, roads, industrial infrastructure, and mining sectors, is set to play a crucial role in enhancing agricultural water availability in the region.

Project Details

The contract, valued at ₹442.80 crore, was awarded by the Chief Engineer, Irrigation, Generation, Water Resources Department in Dehri, Bihar. The project, titled 'Jamaniyan to Kakrait Gangajal Lift Irrigation Scheme', is located in the Kaimur district and falls under the Pragati Yatra initiative. SEPC Limited has been given a 24-month timeline to execute this ambitious project.

Scope and Impact

The water supply and irrigation scheme aims to significantly improve agricultural water availability in the region. This project is expected to provide substantial support to farmers, potentially boosting agricultural productivity and contributing to rural development in Bihar.

Management's Perspective

Venkataramani Jaiganesh, Whole Time Director of SEPC Limited, emphasized the project's significance. He stated that this contract not only contributes to rural development but also strengthens SEPC's position in the water infrastructure sector.

Company Performance

While this new contract represents a promising development for SEPC Limited, it's worth noting the company's recent financial performance:

This new ₹443 crore project represents a substantial addition to the company's order book, potentially setting the stage for improved financial performance in the future.

Conclusion

The securing of this major irrigation project in Bihar underscores SEPC Limited's growing presence in the water infrastructure sector. As the company embarks on this significant venture, stakeholders will be keenly watching its execution and the potential impact on both the region's agricultural landscape and SEPC's future financial results.

SEPC Limited has announced a significant development in its project portfolio, securing a major irrigation contract in Bihar. The company has been awarded a Work Allocation Order for the "Jamaniyan to Kakrait Gangajal Uvah Irrigation Scheme" by the Generation, Water Resources Department, Delhi.

Contract Details

The contract, valued at Rs. 4,427.99 million (approximately Rs. 442.80 crore), involves the implementation of a water supply scheme under the Pragati Yatra project. The project is located in the Kaimur district and falls under the jurisdiction of the Zamanian Pump Canal Division, Mohania.

Project Scope and Timeline

According to the company's filing with the stock exchanges, the project has been assigned a 24-month execution timeline. This domestic contract is part of a larger initiative to improve irrigation infrastructure in the region.

Financial Implications

The substantial contract value of Rs. 4,427.99 million is expected to have a positive impact on SEPC Limited's order book. This project represents a significant opportunity for the company to strengthen its position in the water resources and irrigation sector.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEPC Limited has provided detailed information about the contract to the stock exchanges. The company has confirmed that there are no related party transactions involved in this contract.

Market Impact

This new contract announcement could potentially influence investor sentiment towards SEPC Limited. The successful execution of this project may contribute to the company's growth and financial performance in the coming years.

SEPC Limited's ability to secure such a significant contract underscores its capabilities in the water resources management sector and may position the company for future opportunities in similar infrastructure projects.