Engineering, procurement and construction firm SEPC Ltd on Thursday said it has settled a long-running dispute with Hindustan Copper Ltd and secured a mining project worth Rs 725 million from the state-owned miner.

As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, bringing closure to all pending arbitration claims and counterclaims between the two companies. The settlement deed formally concludes all inter-se disputes arising from earlier arbitration proceedings, the company said in a filing to the BSE.

SEPC also said Hindustan Copper has confirmed the issuance of a supplementary work order valued at Rs 725 million for the ongoing vertical shaft sinking project. The additional scope increases the overall project value and strengthens SEPC’s position as a key EPC partner in the mining infrastructure segment.

The company has a diversified presence across water and municipal services, industrial infrastructure and mining, and specialises in the design, procurement, construction and commissioning of large and complex infrastructure projects across India.