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.

SEPC Limited , a prominent player in the infrastructure sector, has announced a significant development in its business operations. The company's unincorporated joint operation, SEPC-Furlong JV, has been awarded a prestigious contract for the Project Development of New Civil Enclave at Bihta Airport in Bihar.

Contract Details

The Letter of Award, received by SEPC-Furlong JV, outlines the scope of work as the Service Provider for this ambitious airport development project. This contract represents a significant opportunity for SEPC Limited to contribute to the enhancement of aviation infrastructure in Bihar.

Project Governance

The work award is set to be governed by the terms and conditions of a Service Agreement, which will be shared with the joint venture in the near future. This agreement will likely outline the specific responsibilities, timelines, and performance metrics for the project.

Implications for SEPC Limited

This contract win demonstrates SEPC Limited's continued competitiveness in securing large-scale infrastructure projects. It also highlights the company's strategy of leveraging joint ventures to expand its project portfolio and geographical reach.

The Rs. 86.00 crore project is expected to bolster SEPC Limited's order book and potentially contribute to its revenue stream in the coming quarters. However, the actual impact on the company's financials will depend on various factors, including project execution and the specific terms of the Service Agreement.

As SEPC Limited moves forward with this project, investors and industry observers will be keen to monitor its execution capabilities and the potential for similar contracts in the future. The development of Bihta Airport's civil enclave could also play a crucial role in enhancing connectivity and economic growth in the region.

SEPC Limited's involvement in this project aligns with India's broader push for infrastructure development, particularly in the aviation sector, which has seen significant expansion and modernization efforts in recent years.