We hereby inform the exchange of the receipt of work order by SEPC FZE, Sharjah, UAE, our wholly owned subsidiary, for the construction, supply and installation of four units of 45,000 liters capacity steel tanks for a total consideration of USD 8.9 Million(Equivalent to INR 756 Million). Detailed letter is enclosed.
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SEPC Limited announced that its wholly owned subsidiary SEPC FZE, based in Sharjah, UAE, has received a work order for the construction, supply, and installation of four steel tanks, each with a capacity of 45,000 liters. The total contract value is USD 8.9 million, equivalent to approximately INR 756 million. The order is being executed through the company's international subsidiary, indicating overseas business activity. No further details on the client or project timeline were disclosed in the filing.
This is a positive development for SEPC shareholders as the order adds around ₹75.6 crore in revenue potential in a strong foreign currency (USD), which may boost margins and strengthen the company's international order book. The contract size is meaningful for SEPC and could support near-term revenue growth.