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United News of India
2 days ago
- Business
- United News of India
OVERWHELMING RESPONSE TO SEPC LIMITED RIGHTS ISSUE OF 35,00,00,000, PARTLY PAID-UP EQUITY SHARES AGGREGATING TO RS. 350.00 Crores
Press Releases » PNN SEPC Limited's ₹350 crore rights issue closes oversubscribed, signaling robust investor trust. Chennai (Tamil Nadu) [India], June 28: SEPC Limited today announced that it has achieved successful closure of Rights Issue of 74,35,19,173 (Seventy Four Crores Thirty-Five Lakhs Nineteen Thousands One Hundred & Seventy-Three ) Partly paid-up Equity Shares aggregating to ₹ 350 Cr. having issue price of ₹ 10/- per Equity Share (including a share premium of ₹ nil per share) (the 'issue price') on a rights basis to the eligible equity shareholders of our Company closed successfully on June 23, 2025. The Payment Schedule for the issue is as follows: Amount Payable per Rights Equity Share i.e. Issue Price Face value (₹) Premium (₹) Total On Application 5.00 Nil 5.00 On First and Call (as determined by our Board in consultation with Rights Issue Committee) 5.00 Nil 5.00 The Rights issue was oversubscribed by 2.12 times. SEPC Limited, is one of the leading EPC player in Water and Municipal Services, Roads, Industrial, and Mining sectors, announced today the successful closure of the issue of 74,35,19,173 (Seventy-Four Crores Thirty-Five Lakhs Nineteen Thousand One Hundred & Seventy-Three) partly paid−up Equity Shares (including a share premium of ₹ nil per share) (the 'issue price') on rights basis to the eligible equity shareholders (the 'Rights Issue') which was launched on June 09, 2025. The issue resulted into subscription of 74,35,19,173 shares resulting into oversubscription by 2.12 times. The issue period was from June 09, 2025, to June 23, 2025. The issue size was 35,00,00,000 (Thirty-Five Crores) partly paid-up Equity Shares aggregating to Rs. 350 Cr. having issue price of Rs. 10/- per Equity Share (including a share premium of ₹ nil per share) (the 'issue price') on a rights basis to its eligible equity shareholders in the ratio of 11 (Eleven) Rights Equity Share for every 50 (Fifty) fully paid-up Equity Shares held as on record date i.e. May 23, 2025. The payment schedule for this issue being partly paid up will be 50% i.e. ₹ 5/- (per share) payable with the Application and balance 50% will be payable on First and Final call. Funding for Payment of Non-Convertible Debentures including redemption and interest. Repayment/Pre-payment, in full or part, of certain borrowings availed by the Company. Funding for increasing the additional Margin of Non- Fund Based Limits. To augment the existing and incremental working capital requirement of our Company. General Corporate Purpose The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27th June, 2025 and Tuesday, July 08, 2025 respectively. Commenting on the success of the Rights Issue, Shri Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said, 'I express my sincere thanks to our dear and esteemed shareholders for participating in this Rights Issue and making it a new and proud landmark in the history of India's capital market. Our shareholders have always been our biggest source of strength. Our decades-old relationship based on trust has consistently spurred us to achieve more. We are delighted and humbled by their extraordinary show of confidence in the future of SEPC. If you object to the content of this press release, please notify us at We will respond and rectify the situation within 24 hours.
Business Upturn
12-06-2025
- Business
- Business Upturn
SEPC secures Rs 650 crore solar EPC contract from Parmeshi Urja
By Aman Shukla Published on June 12, 2025, 15:55 IST SEPC Limited (NSE: SEPC | BSE: 532945), a leading player in the Engineering, Procurement, and Construction (EPC) space, has been awarded a prestigious contract worth ₹650 crore by Parmeshi Urja Ltd, a Kolkata-based subsidiary of India Power Corporation Limited. The project entails the full EPC scope — including Design, Engineering, Supply, Installation, Testing, and Commissioning — of a 133 MW Solar Power Project. The solar infrastructure will be spread across four key districts in Maharashtra: Sambhaji Nagar, Dhule, Solapur, and Nanded. This green energy initiative falls under the Government of India's PM-KUSUM Yojana, which aims to boost solar adoption for agricultural and rural development. With an estimated execution timeline of 12 to 18 months, the project is a strategic leap for SEPC, marking its return to the renewable energy sector. The company, known for its past projects in Wind, Biomass, and Thermal power, is poised to deliver high-quality, large-scale infrastructure solutions. This major order almost doubles SEPC's domestic order book and strengthens its portfolio across the renewable energy domain. It also reinforces SEPC's commitment to supporting India's clean energy mission and showcases its expertise in executing technically complex infrastructure projects across multiple regions. 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
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Business Standard
12-06-2025
- 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
11-06-2025
- 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
