SEPC Signs Framework Agreement with ROSHN Group; Stock Hits 20% Upper Circuit

 Summary

SEPC has signed a Framework Agreement with M/s ROSHN Group Company, Riyadh, Saudi Arabia (KSA) for infrastructure works in the country. The company has bid for three zones in Jeddah North, Phase 1A, with a total project value of SAR 893 million (approx. ₹2,200 crores). Following the agreement, Call-off Orders can be expected for at least one of the three zones.

Stock Performance:

  • SEPC's stock hit the 20% upper circuit, surging to ₹15.36 from the previous close.
  • Previous Close ₹12.78


Key Data Points:

  • Project Location: Jeddah North, Phase 1A, Saudi Arabia.
  • Project Value: SAR 893 million (₹2,200 crores).
  • Expected Orders: Minimum of one zone out of three.

About the Company

Incorporated in 2000 with headquarters in Chennai SEPC Limited provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services.



Disclaimer:
The information provided on Bharat Stock News is for educational and informational purposes only. We do not provide financial or investment advice. Readers are advised to consult with a SEBI-registered financial advisor before making any stock market decisions. Bharat Stock News is not responsible for any financial losses.
Location: India

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