SEPC Ltd. has secured a major engineering, procurement and construction (EPC) contract worth Rs 673.32 crore from Steel Authority of India Limited for the expansion project at its IISCO Steel Plant in Burnpur, strengthening the company's presence in the industrial infrastructure and steel sector.
The order is part of SAIL’s 4.08 MTPA Crude Steel Expansion Project and marks a significant addition to SEPC’s order book, further enhancing its long-term revenue visibility and execution pipeline.
The contract comprises two major packages under the expansion project. The Coke Oven Balance of Plant (BOP) Package – COB-3, excluding civil and structural works, is valued at Rs 296.77 crore, while the Sinter Plant BOP Package – SP-2, including civil and structural works, is valued at Rs 376.56 crore. Together, the projects carry a total contract value of Rs 673.32 crore excluding taxes.
The projects are expected to be executed over a period of 30 to 33 months.
The order win highlights SEPC’s growing capabilities in executing large-scale industrial and process infrastructure projects and reinforces its position as a key EPC player in India's expanding steel sector. The company said the contract also reflects its ability to capitalize on rising investments in capacity expansion and modernization across the domestic steel industry.
Commenting on the development, Venkataramani Jaiganesh said the order from SAIL’s IISCO Steel Plant underscores the confidence placed in SEPC’s engineering expertise and project execution capabilities by leading public sector enterprises. He noted that the project aligns with the company’s strategy of expanding its footprint in large industrial and process infrastructure projects.
He further added that India’s steel industry is entering a phase of sustained capacity expansion, supported by infrastructure development, manufacturing growth and long-term economic objectives, positioning SEPC to benefit from the sector’s growth while strengthening its future revenue prospects.