We hereby inform the exchange that pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015- Update-EPC Subcontract entered by SEPC- Furlong JV. Detailed letter is enclosed.
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SEPC Limited's unincorporated joint operation SEPC-Furlong JV has signed an EPC sub-contract with Shalimar Corp Limited for the widening and upgradation of the Shahjahanpur-Bisalpur section in Uttar Pradesh to a four-lane configuration. The contract is on a lump-sum turnkey basis with a total contract price of Rs. 521.46 crore. The company has received a Letter of Award (LOA) for this project. This is disclosed under SEBI's Regulation 30 of the LODR Regulations, 2015.
A Rs. 521.46 crore contract represents a significant new order win for SEPC's joint venture, which could positively impact the company's order book and revenue visibility going forward. This is a domestic road infrastructure project.