SEPC Limited Secures ₹269.69 Crore Subcontract for Ajmer-Chanderiya Railway Doubling Project Under North Western Railway

Mumbai, 16 December 2025: SEPC Limited (NSE: SEPC | BSE: 532945), an Engineering, Procurement, and Construction (EPC) company, has won a ₹269.69 crore subcontract for the Ajmer–Chanderiya Doubling Project under the Ajmer Division of North Western Railway (NWR). The work will be executed under the VPRPL–SBEL Joint Venture, with SEPC responsible for the core project execution.

Headquartered in Chennai, SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC firm delivering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company serves Central and State Government agencies and other institutional clients.

Railway Infrastructure Work Spanning Mandpiya to Chanderiya Section 

The project involves extensive formation and civil works across the Mandpiya (including) to Chanderiya (including) section, including:

• Earthwork involving embankment filling, cutting, and blanketing
• Major, minor, and important bridges construction
• Road Under Bridges (RUBs) and limited height subways
• Foot over bridges and trolley refuges
• Toe walls, retaining walls, pitching, and side drains
• Station buildings, platform works, shelters, and staff quarters
• Permanent way (P-Way) works including supply, transport, and laying of broad-gauge track
• Miscellaneous electrical works

The doubling project forms part of Indian Railways’ strategic plan to enhance operational efficiency and connectivity on key routes, which is crucial for handling increased traffic and supporting regional development.

Order Strengthens SEPC’s Railway EPC Portfolio and National Presence

This order reinforces SEPC’s transportation infrastructure order book, expanding its footprint across railway EPC projects in India. The project aligns with SEPC’s focus on balanced growth across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining sectors.

Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, stated, “This project demonstrates SEPC’s capability in executing large-scale railway infrastructure works and underscores the trust placed in our technical and delivery strengths. Railways remain a strategic priority, and our involvement with North Western Railway strengthens our transportation portfolio.”

Shares Rise 3.14% to ₹10.52 Following ₹269.69 Crore Order

On NSE, as of 11:55 am, SEPC Ltd’s share price rose 3.14%, trading at ₹10.52 The stock opened at ₹10.29. The company has a market capitalisation of ₹1,890 crore and a price-to-earnings (P/E) ratio of 43.99. The 52-week high is ₹23.32, and the 52-week low is ₹8.51, with no dividend declared.

SEPC’s ₹269.69 crore award for the Ajmer Chanderiya Doubling Project highlights the company’s continued role in supporting India’s railway infrastructure expansion, reinforcing its execution capabilities across complex civil and transportation projects, and demonstrating its sustained operational strength across multiple infrastructure verticals.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1f94be4-1a5f-4347-9516-b8da7d642fea.pdf

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