SEPC Secures ₹4,428 Crore Irrigation Project; Stock Jumps Over 11%

Chennai, September 18, 2025: Shares of SEPC Limited (NSE: SEPC, BSE: 532945) jumped 11.32% in the morning trade on Thursday after the company announced that it has been awarded a major work allocation by the Water Resources Department, Delhi.

SEPC Limited was founded in 2005 and is headquartered in Chennai. It is a prominent player in the civil construction and infrastructure sector and has been listed on both NSE and BSE since 2008 under the ticker SEPC and 532945, respectively. The company specializes in water management, power, and industrial projects. The company has a focus on sustainable development and delivers integrated engineering solutions that support large-scale infrastructure growth across India.

Project Details

The order is worth ₹4,428 crore and is for the Jamaniyan to Kakrait Gangajal Uvah Irrigation Scheme. It is situated in Kaimur district under the Zamanian Pump Canal Division, Mohania, and has an execution timeline of 24 months. The order involves the development of a large-scale water supply scheme under the Pragati Yatra initiative. It has been awarded by the Chief Engineer’s Office, Irrigation, Generation, Water Resources Dept., Delhi. The order has been awarded at arm’s length without the involvement of any related parties, including promoters and promoter group.

Stock Market Reaction

As of September 18, 2025, 11:05 am, shares of SEPC Limited were trading at ₹13.31, up by 1.21 points, a 10.00% increase. The company had an overall traded volume of 477.29 lakhs shares while its total traded value and total market cap stood at ₹62.62 crore and ₹2,116.50 crore, respectively.

Outlook

The mega irrigation order has significantly strengthened SEPC’s order book and has positioned the company to benefit from government-led infrastructure initiatives in the future as well. As the project has an extended timeline of 24 months, it is expected to provide stable revenue for the company. However, as the company continues to strengthen its presence in critical infrastructure domains, investors should keep an eye on:

• Execution timelines and project progress: As any delays in the large infrastructure projects can impact revenue recognition.
• Working capital management: As projects of this size often require high upfront capital, making it crucial to monitor cash flows and debt levels.
• Order book diversification: Because if SEPC continues to win projects across sectors beyond irrigation, then there will be balanced growth.
• Government policy and funding support: Since such projects are tied to government initiatives, timely fund releases and policy stability are key to their success.

REF: https://nsearchives.nseindia.com/corporate/SHRIRAMEPC_18092025091938_INTIMATIONTOSTOCKEXCHANGEJAMANIYANTOKOKRAITsd.pdf

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