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.

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