Latest news with #ParmeshiUrja
Business Standard
2 days ago
- Business
- Business Standard
SEPC bags solar power project of Rs 650 cr
SEPC has received a Letter of Award for an EPC Contract worth Rs 650 crore from Parmeshi Urja, Kolkata. (a subsidiary of India Power Corporation, Kolkata). The contract involves the Design, Engineering, Supply, Installation, Testing, and Commissioning (EPC) of a 133 MW Solar Power Project, including all associated civil and structural works. It will span four districts in MaharashtraSambhaji Nagar, Dhule, Solapur, and Nandedand is being implemented under the PM-KUSUM Yojana, a flagship initiative of the Government of India promoting solar energy for agricultural and rural development. The execution timeline is expected to range between 12 to 18 months from the start of the project. This significant order represents a strategic milestone for SEPC, marking its re-entry into India's rapidly growing renewable energy sector, building on its past experience in Wind Energy, Biomass power and Thermal power. This nearly doubles its domestic order book.
Business Standard
2 days ago
- Business
- Business Standard
SEPC rallies after bagging Rs 650 cr solar EPC deal from Parmeshi Urja
SEPC surged 6.68% to Rs 14.70 after it has bagged a letter of award worth Rs 650 crore from Parmeshi Urja for the engineering, procurement, and construction (EPC) of a 133 megawatt (AC) solar power project spread across 26 locations in Maharashtra. In an exchange filing, SEPC said it received the letter of award (LoA) on the evening of 10 June for the execution of a 133 MW AC solar power project. The project will be spread across 26 locations in four districts of Maharashtra. Execution timelines will be firmed up during kick-off meetings at each location, the company added. SEPC also clarified that the project does not involve any related party transactions, and neither its promoter nor any group companies hold an interest in Parmeshi Urja. SEPC provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services. SEPC is focused on providing turnkey solutions in process & metallurgy; power; water infrastructure; and mining & mineral processing segments. The companys consolidated net profit jumped 57.7% to Rs 10.17 crore despite 20.3% decline in revenue from operations to Rs 117.80 crore in Q4 FY25 over Q4 FY24.
