SEPC Limited Secures ₹230 Cr Mining Order from MOIL

Chennai (Tamil Nadu) [India], December 30: SEPC Limited, a leading Indian Engineering, Procurement and Construction (EPC) company with diversified operations across water and municipal services, roads, industrial infrastructure, and mining, has secured a significant turnkey mining infrastructure order valued at approximately ₹230 crore from MOIL Limited, a Government of India undertaking.

The Company has received a Letter of Acceptance (LOA) for the design, construction, and commissioning of a third vertical shaft at the Chikla Mine in Maharashtra. The project was awarded through a global competitive bidding process, in which SEPC Limited emerged as the lowest bidder, underscoring its technical strength and cost competitiveness in complex mining infrastructure projects.

The total order value comprises ₹167.85 crore for the domestic scope of work, along with USD 36.52 lakh allocated towards imported plant and machinery. The contract follows a comprehensive turnkey execution model, covering end-to-end responsibilities including detailed engineering, civil construction, furnishing, and installation of mining equipment.

The development of the third vertical shaft is expected to significantly enhance operational efficiency and strengthen underground mining capabilities at the Chikla Mine. Vertical shafts play a critical role in improving ore hoisting capacity, ventilation systems, and overall safety standards, making the project strategically important for MOIL’s long-term production objectives.

From a business perspective, the order marks a meaningful addition to SEPC Limited’s mining infrastructure portfolio. It reinforces the Company’s positioning as a capable EPC partner for public sector enterprises undertaking technically demanding, long-duration projects. The structure of the contract supports efficient capital deployment while adding visibility and predictability to SEPC’s revenue pipeline over the execution period.

The win also aligns with SEPC Limited’s strategy of pursuing selective growth opportunities in core infrastructure sectors where it can leverage its engineering expertise, execution track record, and integrated project management capabilities. With increasing emphasis on domestic mineral production and modernization of mining assets, the Company remains well placed to participate in similar opportunities going forward.

Commenting on the order win, Mr Venkataramani Jaiganesh, Managing Director of SEPC Limited, said that the project reflects continued trust from public sector clients and validates the Company’s execution capabilities in the mining infrastructure segment. He added that SEPC Limited remains focused on disciplined project execution while steadily expanding its presence across core infrastructure verticals.

With this order, SEPC Limited further strengthens its credentials in India’s mining EPC space, reinforcing its role in supporting the development of critical industrial infrastructure through technically robust and efficiently executed projects.

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