SEPC bags ₹673 crore order from SAIL for steel capacity expansion

SEPC Ltd has received a Letter of Acceptance (LoA) from Steel Authority of India Ltd (SAIL) – IISCO Steel Plant (ISP), Burnpur, for works related to the 4.08 MTPA crude steel expansion project, according to an exchange filing.The order comprises two packages: the Coke Oven Balance of Plant (excluding civil and structural works) valued at ₹296.77 crore, and the Sinter Plant Balance of Plant (including civil and structural works) valued at ₹376.55 crore.

The total contract value stands at ₹673.32 crore (net of input tax credit), the company said.
As per the filing, the Coke Oven package is to be executed within 30 months from the effective date of the contract, while the Sinter Plant package has a 33-month execution timeline. The effective date will be considered as either the date of contract signing or 30 days from the LoA, whichever is earlier.Q4 Result

State-owned Steel Authority of India Ltd (SAIL) on Friday reported a 46.7% year-on-year rise in consolidated net profit for the fourth quarter at ₹1,836 crore, compared with ₹1,251 crore in the same period last year. The figure was higher than the CNBC-TV18 poll estimate of ₹1,610.8 crore.

Revenue for the quarter rose 5.1% year-on-year to ₹30,814 crore from ₹29,317 crore, but came in below the CNBC-TV18 poll estimate of ₹31,421 crore.

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