SEPC Secures ₹2.3 Billion Turnkey Mining Order From MOIL For Maharashtra Project

SEPC Limited  has secured a turnkey order valued at ₹2.3 billion from MOIL Limited, a Government of India undertaking, the company said in a filing to exchanges.

The contract involves the design, construction, and commissioning of a third vertical shaft at the Chikla Mine in Maharashtra. SEPC Limited emerged as the lowest bidder following a global tender process. The total consideration for the project is ₹2.3 billion. The company stated that the order value comprises a domestic component of ₹1.7 billion along with an imported plant and machinery component valued at $3.7 million.

The scope of the work order covers engineering, civil works, furnishing, and the installation of equipment. According to the company’s statement, the project is designed to strengthen mining infrastructure and improve operational efficiency at the Chikla Mine site.

SEPC Limited stated that this contract reinforces its presence in the mining infrastructure segment and demonstrates its capacity to secure complex, high-value projects with extended execution cycles. The company noted that the contract structure supports efficient capital utilization and contributes to a resilient revenue pipeline. The project aligns with SEPC’s strategy of selective growth within core infrastructure sectors, backed by defined scopes and clear execution visibility.