SEPC Bags Rs 6,733.2 mn Order From SAIL For IISCO Expansion

22 Jun 2026 CW Team

SEPC has secured an order worth Rs 6,733.2 million (mn) from the Steel Authority of India for the expansion of the IISCO Steel Plant in Burnpur, West Bengal, the company said in a regulatory filing. The contract is part of SAIL's 4.08 MTPA crude steel expansion project and will be executed across two packages over 30 to 33 months. The aggregate contract value of Rs 6,733.2 mn is stated to be net of taxes.

One package comprises a Coke Oven balance of plant package designated COB-3 and is valued at Rs 2,967.7 mn, excluding civil and structural works. The second package covers a Sinter Plant BOP designated SP-2 and is valued at Rs 3,765.6 mn and includes civil and structural works.

The IISCO Steel Plant in Burnpur in Paschim Bardhaman district is one of SAIL's integrated plants and the expansion forms part of the company’s capacity scale-up programme to raise crude steel output. For SEPC, formerly Shriram EPC, the win follows a string of industrial infrastructure orders and the company said the order will enhance its execution pipeline. The company operates across water and wastewater treatment, roads, industrial infrastructure and mining segments.

SEPC reported total income of Rs 10,858.0 mn for fiscal year 2026, up from Rs 6,460 mn in fiscal year 2025, and a net profit of Rs 535 mn for the year, more than double the prior figure. EBITDA for the year was Rs 1,089 mn. The filing noted the financials in the context of the new order.

The managing director, Venkataramani Jaiganesh, said the order reflected confidence among public sector enterprises in the company’s engineering and execution capabilities and strengthened the firm’s order book and revenue visibility. The contract will be delivered through project management and engineering resources deployed at site. The delivery timeline of 30 to 33 months will coincide with SAIL’s broader capacity increases.

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