SEPC Wins Rs 2.30 Billion Mining Shaft Order From MOIL

06 Jan 2026 CW Team

The scope of work covers complete turnkey execution, including engineering, civil construction, supply, installation and commissioning of equipment. The project is expected to enhance mining infrastructure and improve operational efficiency at the Chikla Mine.

The order strengthens SEPC’s presence in the mining infrastructure segment and provides long-term visibility to its order book. The contract structure supports steady execution and contributes to predictable revenue generation over the project period.

Commenting on the win, Managing Director Venkataramani Jaiganesh said the order reflects continued confidence from public sector clients and underlines SEPC’s capability to execute complex mining infrastructure projects.

SEPC Limited, formerly Shriram EPC Limited, delivers turnkey EPC solutions across water and wastewater, roads, industrial infrastructure and mining, serving central and state government clients across India. In the first half of FY26, the company reported consolidated total income of Rs 4.55 billion, EBITDA of Rs 540 million and net profit of Rs 248.5 million, exceeding its full-year net profit for FY25. For FY25, SEPC recorded revenue of Rs 5.98 billion, EBITDA of Rs 989.4 million and net profit of Rs 248.4 million. Achieving around 76 per cent of FY25 revenue within the first six months of FY26 highlights accelerating business momentum and positions the company for stronger full-year results.

SEPC Limited has received a Letter of Acceptance from MOIL Limited for the design, construction and commissioning of a third vertical shaft at the Chikla Mine. The order was awarded through a global tender, with SEPC emerging as the lowest bidder. The contract value comprises Rs 1,678.5 million for domestic works and USD 3.652 million for imported plant and machinery, taking the overall project value to about Rs 2.30 billion. The scope of work covers complete turnkey execution, including engineering, civil construction, supply, installation and commissioning of equipment. The project is expected to enhance mining infrastructure and improve operational efficiency at the Chikla Mine. The order strengthens SEPC’s presence in the mining infrastructure segment and provides long-term visibility to its order book. The contract structure supports steady execution and contributes to predictable revenue generation over the project period. Commenting on the win, Managing Director Venkataramani Jaiganesh said the order reflects continued confidence from public sector clients and underlines SEPC’s capability to execute complex mining infrastructure projects. SEPC Limited, formerly Shriram EPC Limited, delivers turnkey EPC solutions across water and wastewater, roads, industrial infrastructure and mining, serving central and state government clients across India. In the first half of FY26, the company reported consolidated total income of Rs 4.55 billion, EBITDA of Rs 540 million and net profit of Rs 248.5 million, exceeding its full-year net profit for FY25. For FY25, SEPC recorded revenue of Rs 5.98 billion, EBITDA of Rs 989.4 million and net profit of Rs 248.4 million. Achieving around 76 per cent of FY25 revenue within the first six months of FY26 highlights accelerating business momentum and positions the company for stronger full-year results.

Infrastructure Transport

08 Jan 2026

CMRL to Open 15.8 km Chennai Metro Phase II in February

Chennai Metro Rail (CMRL) has revised its rollout strategy for Phase II of the Chennai Metro, deciding to commission the entire 15.8-km stretch between Poonamallee Bypass and Vadapalani directly in February. The move marks a shift from the earlier plan of launching services on a shorter section first and extending them in stages.Initially, CMRL had proposed to start operations on the Poonamallee Bypass–Porur Junction stretch by the end of January, with services extended to Vadapalani in February. However, officials said the revised approach would allow commuters to benefit from better connec..

Infrastructure Transport

08 Jan 2026

Power Mech Emerges L1 for Mumbai Monorail O&M Contract

Power Mech Projects has emerged as the lowest bidder (L1) for the operations and maintenance (O&M) contract of the Mumbai Monorail project, officials said. The contract was floated by the Mumbai Metropolitan Region Development Authority (MMRDA) with a tenure of 1,825 days, or five years.MMRDA had invited bids for the O&M work of the Mumbai Monorail corridor from Sant Gadge Maharaj Chowk to Chembur. Technical bids were opened on November 12, 2025, with four firms submitting bids for the contract. Following the technical evaluation conducted on January 1, 2026, two bidders were disqualif..

Infrastructure Transport

08 Jan 2026

E to E Transportation Clarifies SECR Contract Value at Rs 270.35 Mn

NSE Emerge-listed E to E Transportation Infrastructure has issued a clarification on the value of a railway signalling and telecommunication contract awarded by the South East Central Railway (SECR), Raipur Division, after identifying a typographical error in its earlier regulatory disclosure.In a filing dated January 4, 2026, the company said the correct value of the Letter of Acceptance (LoA) is Rs 270.34 million, and not Rs 2.73 billion as previously stated in an announcement uploaded on the NSE Emerge portal earlier the same day. The company noted that the incorrect figure was the result o..