SEPC shares gain 5% after Rs 650 crore solar project win in Maharashtra
By Aman Shukla Published on June 12, 2025, 09:39 IST
SEPC shares rose 5% in early trade on June 12, 2025, following the announcement of a major ₹650 crore EPC contract win from Parmeshi Urja Limited. The Kolkata-based energy firm has awarded SEPC the responsibility for executing a 133 MW AC solar power project across 26 locations in four districts of Maharashtra. As of 9:37 AM, the shares were trading 5.74% higher at Rs 14.55.
The Letter of Award (LOA) was officially received by SEPC on the evening of June 10. This contract marks a significant step forward for the company in expanding its footprint in India's renewable energy sector.
Under the agreement, SEPC will handle full Engineering, Procurement, and Construction (EPC) duties, covering all aspects of infrastructure development for solar energy generation. The project is classified as a domestic assignment and aligns with the government's broader push toward clean energy adoption.
Execution timelines for each site will be finalized through individual kick-off meetings. The large-scale project is expected to boost SEPC's order book and enhance its profile as a key player in the green energy space.
SEPC shares opened at ₹15.00 and touched the same mark as the intraday high, while the low was recorded at ₹14.35. The stock continues to show limited movement in early trade. Over the past year, SEPC has seen a 52-week high of ₹31.53 and a low of ₹11.19.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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