SEPC Settles HCL Dispute, Wins Rs 725m Mining Order
COAL & MINING

SEPC Settles HCL Dispute, Wins Rs 725m Mining Order

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code