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HomeMarket NewsSEPC wins EPC order worth ₹650 crore for solar project in Maharashtra
The project will cover four districts in the western Indian state and was awarded by Parmeshi Urja, a domestic renewable energy company based in Kolkata, West Bengal. The LoA was received by SEPC on the evening of June 10, the company said in an exchange filing.
SEPC Ltd said on Wednesday it has received a Letter of Award (LoA) worth ₹650 crore from Parmeshi Urja Ltd for the engineering, procurement, and construction (EPC) of a 133 megawatt (AC) solar power project spread across 26 locations in Maharashtra.
The project will cover four districts in the western Indian state and was awarded by Parmeshi Urja, a domestic renewable energy company based in Kolkata, West Bengal. The LoA was received by SEPC on the evening of June 10, the company said in an exchange filing.
Execution timelines will be finalized at kick-off meetings to be held at each location, the company added.
The project does not involve any related party transactions, and SEPC confirmed that its promoter or group companies do not hold any interest in the awarding entity.
SEPC, formerly known as Shriram EPC, is engaged in providing integrated engineering services across infrastructure sectors including renewable energy, water, and waste treatment.
Shares of SEPC Ltd ended up 3.7% in Wednesday trade ahead of the announcement.
