We hereby inform the Exchange about the update on earlier intimation made under Regulation 30 of SEBI (LODR) Regulations, 2015. Detailed letter is enclosed.
SEPC · price
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SEPC Limited has received notification that a work order from MOIL Limited (a Government Undertaking) for designing, construction, furnishing and equipping of the 3rd Vertical Shaft on a turnkey basis has been cancelled by MOIL. The order, originally disclosed on December 29, 2025, had a total value of ₹230 Crores including taxes. Importantly, no execution work had commenced on the project. As a consequence of the cancellation, SEPC's Earnest Money Deposit (EMD) amounting to ₹50 Lakhs has been forfeited by MOIL.
This cancellation removes a ₹230 Crore potential revenue opportunity and results in a direct financial loss of ₹50 Lakhs through forfeited EMD. While no execution had started, the loss of this government contract may raise concerns about SEPC's order pipeline and future revenue visibility.