SEPC To Acquire 90 Per Cent Stake In Avenir Abu Dhabi

28 Mar 2026 CW Team

SEPC Limited has said that its board has approved the acquisition of a 90 per cent equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi. The move is aimed at expanding SEPC's global footprint and strengthening its presence in the high-growth Oil and Gas engineering sector across the Middle East and North Africa.

Avenir International Engineers and Consultants LLC is an established engineering services firm specialising in Oil and Gas engineering, front-end engineering design and project management consultancy. The company has a robust order book of approximately United Arab Emirates dirham (AED) 500 million (mn) and longstanding client relationships with regional entities including ADNOC and DEWA.

Under the terms SEPC will acquire the 90 per cent stake through a share swap arrangement. The valuation is based on 90 per cent of AED 708 million, equivalent to Indian Rupee (Rs) 15.3 billion (bn), and the transaction is expected to complete within six months subject to lenders and shareholders approvals. The acquisition is being carried out at arm's length.

Avenir reported revenue of AED 73.93 million (mn) in FY24 and AED 69.17 million (mn) in FY23, broadly equivalent to roughly Rs 1.72 bn and Rs 1.57 bn respectively. The company holds certifications including ISO 9001, ISO 14001 and ISO 45001 and is an ADNOC-approved vendor, underscoring its regional credibility.

SEPC said the acquisition represents a strategic shift from a primarily domestic EPC business to a globally diversified engineering and infrastructure company, with expected benefits including new revenue streams, improved margins and deeper client engagement. The companies intend to integrate engineering, procurement and project execution capabilities to pursue larger and more complex opportunities and to support sustainable, net zero aligned solutions.

Infrastructure Urban

07 May 2026

Vedanta Reports Record Profit in FY26

Vedanta reported its best-ever financial performance in FY26, with profit after tax of Rs 250.96 billion and revenue of Rs 1.74 trillion, supported by operational excellence across businesses. The company delivered nearly 50 per cent total shareholder return and declared a dividend of Rs 34 per share.Vedanta said its net debt-to-EBITDA improved to 0.95x, strengthening financial flexibility. Its demerger, effective 1 May 2026, is aimed at unlocking value by creating focused businesses across aluminium, oil and gas, power, iron and steel, zinc, copper, nickel and ferro alloys.Vedanta Aluminium p..

KEC Wins Orders Worth Rs 10.02 Billion

KEC International, an RPG Group company and global infrastructure EPC major, has secured new orders worth Rs 10.02 billion across its key businesses.In Transmission and Distribution, the company has won orders for projects in India and the Americas. These include ±500 kV HVDC transmission lines from a private developer in Western India, 132 kV cabling works from a steel producer in Eastern India, and the supply of towers, hardware and poles in the Americas.The renewables business has secured an order for a 100+ MW wind project in Southern India from a private developer. In transportation, KEC..

Hindustan Zinc Opens Cath Lab in Udaipur

Hindustan Zinc recently inaugurated a state-of-the-art Cardiac Catheterisation Laboratory at Rabindranath Tagore Hospital, Udaipur. The facility was inaugurated by Gulab Chand Kataria, Governor of Punjab and Administrator of Chandigarh, in the presence of local MLAs, RNT Hospital leadership and senior Hindustan Zinc officials.The Cath Lab follows an MoU signed earlier between Hindustan Zinc and RNT Hospital for the redevelopment and upgradation of the hospital into a future-ready, multi-speciality healthcare facility. Equipped with advanced cardiac technology, it will support minimally invasiv..