Announced Sat, 11 Jul · 23:37 IST
SEPC's Rs 521 cr EPC sub-contract with Shalimar Corp terminated
SEPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹6.59
prior close
₹6.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.6+1.5+1.2-3.8-5.8-6.8-6.1-7.4-8.8————
Up moveDown movePending
AI summary
SEPC's unincorporated joint operation SEPC-Furlong JV had signed an EPC sub-contract worth Rs 521.46 crore with Shalimar Corp for widening the Shahjahanpur-Bisalpur road in Uttar Pradesh to four lanes. The LOA was signed in May 2026. The company has now received a termination notice cancelling the sub-contract and LOA. The matter has been referred to arbitration. SEPC will update exchanges on further developments.
Likely market impact
Negative for SEPC. Loss of a major Rs 521 crore order. Watch arbitration outcome and any compensation awarded for stock recovery.