Latest news with #ParmeshiUrjaLimited
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Business Standard
2 days ago
- Business
- Business Standard
SEPC share zooms 10% on securing order from Parmeshi Urja; details here
SEPC share price: SEPC share price was buzzing in trade on Thursday, June 12, 2025, with the stock rallying up to 9.50 per cent to an intraday high of ₹15.09 per share. However, by 10:12 AM, SEPC shares were off day's high, and were trading 4.35 per cent higher at ₹14.38 apiece. In comparison, BSE Sensex was trading 0.18 per cent lower at 82,362.88 levels. Why did SEPC share price jump in trade today? SEPC share price zoomed after it announced that it has secured a letter of award (LoA) worth Rs 650 crore from Parmeshi Urja Limited, Kolkata. In an exchange filing, SEPC said, 'This is to inform you that we, SEPC Limited, have received a Letter of Award from Parmeshi Urja Limited, Kolkata for EPC of 133 MW AC Solar Power Project at 26 locations in Maharashtra India for a consideration of ₹650 crore.' Under the terms of the order, SEPC will be responsible for engineering procurement and construction (EPC) of 133 MW AC solar power project at 26 locations covering 4 districts in Maharashtra, India. ALSO READ | About SEPC SEPC, founded in June 2000, is among the leading providers of integrated Engineering, Procurement, and Construction (EPC) services. The company engages in delivering end-to-end solutions across a wide range of sectors, including water, infrastructure, metallurgy, and process industries. SEPC offers multidisciplinary services that cover design, engineering, procurement, construction, commissioning, and project management. The industrial EPC division focuses on steel plants, deep shaft mining, power plants, and process plants. SEPC has a diverse client base, including major organisations like Tata Steel, NMDC Ltd, and Delhi Jal Board, showcasing its capabilities across a variety of industries. Last checked on BSE, SEPC's market capitalisation stood at ₹2,714.61 crore. It falls under the BSE SmallCap category.
Business Upturn
2 days ago
- Business
- Business Upturn
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
Business Upturn
3 days ago
- Business
- Business Upturn
SEPC secures Rs 650 crore EPC contract for 133 MW solar project in Maharashtra
By Aman Shukla Published on June 11, 2025, 15:44 IST SEPC Limited has been awarded a significant Engineering, Procurement, and Construction (EPC) contract worth ₹650 crore by Parmeshi Urja Limited, based in Kolkata. The contract involves the execution of a 133 MW AC solar power project across 26 locations spread over four districts in Maharashtra, India. The Letter of Award (LOA) was officially received by SEPC on the evening of June 10, 2025. This marks a major milestone for SEPC as it continues to strengthen its presence in India's renewable energy sector. The project is classified as a domestic assignment and includes full EPC responsibilities for solar power infrastructure development. The execution timeline for the project will be finalized during kick-off meetings held at each site location. This large-scale renewable energy initiative highlights SEPC's growing capabilities and commitment to supporting India's green energy goals. 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
