SEPC shares surge 10% after winning order worth ₹442 crore from water resources department in Delhi

Shares of SEPC Ltd. gained 10% on Thursday, September 18, after the company said it has won an order worth ₹442 crore from the Water Resources Department Delhi.The order is for the Jamaniyan to Kakrait Gangajal Uvah Irrigation Scheme, Under Kaimur District Related to Pragati Yatra Yatra Under Zamanian Pump Canal Division, Mohania

The order is to be completed in 24 months. The order value is nearly 20% of the company’s overall market capitalisation of over ₹2,500 crore.

In June, SEPC received a Letter of Award (LoA) worth ₹650 crore from domestic renewable energy company Parmeshi Urja Ltd for the engineering, procurement, and construction (EPC) of a 133 megawatt (AC) solar power project across 26 locations in Maharashtra.The project is to cover four districts.

SEPC provides integrated engineering services across infrastructure sectors including renewable energy, water, and waste treatment.

SEPC shares gained 9.9% to hit an intraday high of ₹13.3 apiece on Wednesday. The stock was trading 9.4% up at ₹13.2 around 9.40 am. It has gained 14.3% in the past month but has declined 37.3% this year, so far. Over 3 crore shares of the company have already changed hands which is well above its 20-day average of 12 lakh shares.

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