The Board of SEPC at its meeting held on 21 August 2023 has approved increase in authorised share capital from Rs 1400 crore to Rs 1450 crore. The board has also approved fund raising by way of issue of equity shares on rights basis for a value not exceeding Rs 50 crore.
SEPC announced that a Services Investment License has been obtained to incorporate a 100% subsidiary namely – SIBC Limited Company, in Saudi Arabia for the purpose of exploiting the market potential in the kingdom of Saudi Arabia as well as strengthen its presence in Gulf Cooperation Council region (GCC) using SEPC`s qualifications and promoter MARK AB experience in that region.
SEPC has received the first major order in Water Division, post implementation of Resolution Plan, Detailed survey, design, installation and commissioning of Chouphran and Barhi Rural Water Supply Scheme under Drinking Water & Sanitation Department (DWSD) Division, Hazaribagh on Turnkey basis for an amount of Rs. 286.49 crore from Drinking Water & Sanitation Department, Government of Jharkhand.
SEPC has received Final Acceptance Certificate (FAC) in respect of Design, Supply, Erection and commissioning of Sinter Machine 1 of Rashtriya Ispat Nigam (RINL) Vizag Steel Plant, Vizag. The scope of work involves revamping and enhancing the sinter plant 1 by increasing the existing sinter grate area from 312 Sq. Mtr to 378 Sq. Mtr. This has resulted in increase in the production capacity by about 20% and improved quality of the final product. The project was complex since it involved modifications to existing plant, supply and erection of around 1500 tons of structures and equipment and completion of works during a planned shutdown in an operating plant. The contract is valued at Rs 128 crore.
SEPC has received a Provisional Acceptance Certificate for Design Engineering, Supply, Erection & Commissioning of 500 TPD Cattle Feed Plant of Kerala Feeds, Thodupuzha, Kerala. This is the third integrated cattle feed production plant for the same customer and two similar plants already installed and handed over to the customer. The plant is fully automated and PLC and SCADA controlled. The contract is valued at Rs 33.33 crore.