SEPC shares surge: On Tuesday, September 10, 2024, SEPC shares soared by up to 4.42 percent to an intraday high of Rs 31.62 per share. Notably, the stock's 52-week high was Rs 31.64 per share. The SEPC share price rose when the company reported that it had landed an order worth Rs 182.56 crore.
In a filing with the exchange, SEPC stated: "This is to inform you that we have been awarded a work order for Rs 182,56,76,000 (Rupees One hundred and eighty-two crores fifty-six-lakhs seventy-six thousand only) from Irrigation Division, Government of Bihar."
According to the contract, SEPC will be in charge of a variety of activities, including extensive survey and investigation, planning and design, supply of all materials, labor, equipment, and machinery, building, execution, installation, testing, and commissioning.
The project, which intends to deliver drinking water to Bhabhua and Mohania Town through the Jal-Jeevan-Hariyali Abhiyan on a turn-key basis using surface water, is projected to be finished in 12 months. In addition, a 3-month trial run period will follow completion, with SEPC providing comprehensive operation and maintenance for 60 months after the successful trial run.
SEPC was founded in June 2000 and was previously known as Shriram EPC Ltd till February 2021. Following a Rs 350 crore injection in September 2022, Mark AB acquired the majority stake. The company specializes in EPC contracts and provides comprehensive solutions in design, engineering, procurement, construction, and project management for the water, process metallurgy, and infrastructure sectors.
SEPC's market capitalisation is Rs 4,884.87 crore, according to the Bombay Stock Exchange (BSE). The company belongs to the BSE SmallCap category. The 52-week low for SEPC stock is Rs 11.88 per share. At 12:20 PM, SEPC shares were trading 3.20 percent higher at Rs 31.25 a share. In comparison, the BSE Sensex was up 0.37 percent at 81,864.65 levels.
