SEPC Wins Rs 6.5 Billion Solar Project in Maharashtra

12 Jun 2025 CW Team

SEPC Ltd announced on Wednesday that it has secured a Letter of Award (LoA) valued at Rs 6.5 billion (approximately £62 million) from Parmeshi Urja Ltd for the engineering, procurement, and construction (EPC) of a 133-megawatt (AC) solar power project across Maharashtra.

The project will span 26 locations within four districts in the western Indian state and was awarded by Parmeshi Urja, a renewable energy firm headquartered in Kolkata. The LoA was received by SEPC on the evening of 10 June, according to the company’s regulatory filing.

Execution timelines will be determined through kick-off meetings scheduled at each of the project sites. SEPC clarified that the award involves no related party transactions and confirmed that neither its promoters nor group entities have any stake in Parmeshi Urja.

Formerly known as Shriram EPC, SEPC operates across various infrastructure domains, offering integrated engineering services in renewable energy, water supply, and waste treatment sectors.

Following the news, SEPC’s shares closed 3.7 per cent higher in Wednesday’s trading session.

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