SEPC Secures ₹2,200 Crore Infrastructure Deal in Saudi Arabia
SEPC has signed a framework agreement worth ₹2,200 crore with ROSHN Group Company for infrastructure projects in Saudi Arabia. The company has also submitted a bid for projects in Jeddah North, Phase 1A, valued at approximately ₹1,960 crore. This move marks SEPC's significant international expansion, potentially boosting its revenue and market position in the Middle East.

*this image is generated using AI for illustrative purposes only.
SEPC (formerly known as Shriram EPC Limited) has made a significant stride in its international expansion efforts by signing a framework agreement with ROSHN Group Company for infrastructure projects in Saudi Arabia. The deal, valued at an impressive ₹2,200 crore, marks a major milestone for the Indian engineering and construction firm.
Framework Agreement Details
The framework agreement encompasses various infrastructure projects to be undertaken in Saudi Arabia, showcasing SEPC's growing footprint in the Middle Eastern market. This partnership with ROSHN Group Company, a prominent player in the Saudi Arabian real estate sector, positions SEPC to contribute significantly to the kingdom's infrastructure development.
Bid Submission for Jeddah North Project
In addition to the framework agreement, SEPC has taken a proactive step by submitting a bid for projects in Jeddah North, Phase 1A. The estimated value of this bid stands at SAR 893 million (approximately ₹1,960 crore at current exchange rates), indicating the substantial scale of the potential project.
Implications for SEPC
This development carries several important implications for SEPC:
International Expansion: The deal reinforces SEPC's strategy to expand its operations beyond Indian borders, tapping into the lucrative Middle Eastern infrastructure market.
Revenue Potential: If successful in securing the Jeddah North project, SEPC could see a significant boost to its order book and future revenue streams.
Enhanced Market Position: Collaborating with ROSHN Group Company could open doors for more opportunities in Saudi Arabia and potentially other Gulf Cooperation Council (GCC) countries.
Diversification: The agreement allows SEPC to diversify its project portfolio geographically, potentially reducing its dependence on the Indian market.
Financial Impact
Project | Value (in crore) | Currency |
---|---|---|
Framework Agreement | ₹2,200 | INR |
Jeddah North Bid | ₹1,960 | INR (approx.) |
Looking Ahead
As SEPC awaits the results of its bid for the Jeddah North project, the company's management and shareholders will be keenly watching for further developments. The success of this venture could pave the way for more international projects and partnerships, potentially transforming SEPC's growth trajectory in the coming years.
Investors and market analysts will likely monitor how this agreement translates into tangible projects and financial performance for SEPC in the quarters ahead. The ability to execute these large-scale international projects efficiently will be crucial for the company's long-term success in the competitive global infrastructure sector.
Historical Stock Returns for SEPC
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.93% | +7.09% | -0.65% | -46.06% | -19.47% | +401.97% |