SEPC Ltd’s stock saw a strong surge today, rising 8.34% to trade at ₹16.62. The stock opened at ₹15.90, reached a high of ₹17.49, and touched a low of ₹15.65 during the session. The rally continues from yesterday’s impressive 20% gain, as investor confidence remains strong.
Why Is SEPC Stock Rising?
The surge in SEPC’s stock price is driven by its latest deal in Saudi Arabia. The company signed a Framework Agreement with ROSHN Group, a Riyadh-based firm, to carry out infrastructure projects in three zones of Jeddah North, Phase 1A, valued at SAR 893 million (₹2,200 crore).
SEPC confirmed in an exchange filing that orders (called Call-off Orders) are expected for at least one of the three zones, further boosting its growth outlook.
What Does SEPC Do?
SEPC Ltd (formerly Shriram EPC Ltd) is an engineering, procurement, and construction (EPC) company specializing in infrastructure, industrial projects, and metallurgy. Incorporated in 2000, the company became majority-owned by Mark AB in 2022 after a ₹350 crore infusion. SEPC executes large-scale drinking water, sewerage, road, steel, mining, and power projects across India and internationally, with a strong clientele including Tata Steel, NMDC Ltd, and Delhi Jal Board.
- Infrastructure projects – Drinking water systems, sewerage, road construction
- Industrial EPC – Steel plants, deep shaft mining, power plants
- Process industries & metallurgy
With a market capitalization of ₹2,239.16 crore, SEPC is categorized under BSE SmallCap. The company has notable clients, including Tata Steel, NMDC Ltd, and Delhi Jal Board.
Future Outlook
With the Saudi Arabia deal strengthening SEPC’s international presence, the company could secure more large-scale contracts. The stock’s recent volatility suggests traders should remain cautious while keeping an eye on further developments. For now, SEPC continues to gain momentum, with strong trading volumes reflecting heightened investor interest.