SAIL's IISCO Steel Plant Gives ₹673 Crore Order to SEPC
Chennai, June 15, 2026: Steel Authority of India Limited (SAIL) has awarded SEPC Limited a major contract worth ₹673.32 crore for its 4.08 million tonnes per annum (MTPA) crude steel expansion project at IISCO Steel Plant (ISP), Burnpur.
The order marks a significant addition to SEPC's industrial infrastructure portfolio and strengthens the company's presence in the engineering, procurement and construction (EPC) segment catering to the steel industry.
Two Key Packages Included
The project comprises two major packages under SAIL's expansion programme.
SEPC has secured the Coke Oven Balance of Plant (COB-3) Package, excluding civil and structural works, valued at ₹296.77 crore.
The company has also been awarded the Sinter Plant BOP Package (SP-2), including civil and structural works, with a contract value of ₹376.56 crore.
The aggregate contract value stands at ₹673.32 crore, net of taxes.
Project Execution Over 30-33 Months
According to the company, the projects are scheduled to be executed over a period of 30 to 33 months, providing improved long-term revenue visibility and strengthening SEPC's execution pipeline.
The order comes from one of India's largest integrated steel producers and highlights SEPC's engineering capabilities and execution expertise in handling complex industrial projects.
SEPC Sees Opportunity in India's Steel Expansion
Commenting on the development, Venkataramani Jaiganesh, Managing Director of SEPC Limited, said the order represents a significant milestone for the company and reflects the confidence that leading public sector enterprises place in SEPC's engineering and project execution capabilities.
He said the project aligns with SEPC's strategy of expanding its footprint in large industrial and process infrastructure projects.
Jaiganesh added that India's steel industry is entering a phase of sustained capacity expansion driven by infrastructure development, manufacturing growth and the country's long-term economic ambitions. He noted that the latest order positions SEPC to participate in this transformation while strengthening its order book and enhancing future revenue visibility.
Strengthening Industrial Infrastructure Presence
SEPC Limited, formerly known as Shriram EPC Limited, provides turnkey solutions across water and wastewater management, roads, industrial infrastructure and mining sectors. The company specializes in the design, procurement, construction and commissioning of large and complex infrastructure projects across India.
During FY26, SEPC reported total income of ₹1,085.8 crore, EBITDA of ₹108.9 crore and net profit of ₹53.5 crore, compared with total income of ₹646 crore in FY25. The company said net profit more than doubled over the previous year.
The latest order underscores SEPC's ability to capitalize on ongoing investments aimed at capacity expansion and modernization in India's steel sector.