SEPC contests TCIL banning order for Punjab metering project
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEPC received a banning order from Telecommunications Consultants India Limited (TCIL) linked to the earlier-cancelled Smart Prepaid Metering Project in Punjab. The company is strongly contesting the order, rejecting all allegations, and has challenged it before the appropriate authorities. SEPC is pursuing legal remedies, including seeking an immediate stay and quashing of the order. Earlier stock exchange filings in February and March 2026 covered the original Letter of Intent and its cancellation.
Negative near-term sentiment as SEPC fights a banning order that could limit its access to government contracts. Legal challenge outcome is key.