We hereby inform the exchange that pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015- Letter of award awarded to SEPC- Furlong JV. Detailed letter is enclosed.
SEPC · price
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Awaiting price reaction for this filing.
SEPC Limited has informed the stock exchanges that it has received a Letter of Award (LoA) through its joint venture with Furlong. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The detailed letter of award has been enclosed with the filing. No specifics about the project value, client, or scope have been mentioned in the headline.
Receipt of a Letter of Award is a positive development as it signals new business for the company through its JV, but the absence of contract value or client details means investors will need to wait for the detailed filing to gauge the true impact on revenues.