SEPC Settles Dispute with Hindustan Copper, secures Mining Project of Rs 72.55 Cr
SEPC Limited and Hindustan Copper Ltd has announced the successful execution of a Settlement Deed while concluding all inter-se claims and counterclaims arising from the arbitration proceedings in Case No. AP No.163 of 2023.
Chennai, December 11, 2025: SEPC Limited and Hindustan Copper Ltd has announced the successful execution of a Settlement Deed while concluding all inter-se claims and counterclaims arising from the arbitration proceedings in Case No. AP No.163 of 2023.
Under the terms of the settlement, SEPC will receive Rs 30,44,80,495 (Rs 30.45 crore) as full and final settlement, marking the closure of all pending arbitration matters between the two parties.
Additionally, HCL has confirmed the issuance of a supplementary work order worth Rs 72,54,57,640 (Rs 72.55 crore) related to the ongoing vertical shaft sinking project. This new award enhances the project’s overall value and reinforces SEPC’s standing as a key EPC partner in India’s mining infrastructure segment.
The Settlement Matters to Strengthens cash flows and the settlement amount provides immediate liquidity and unlocks value stuck in dispute.
It will also eliminate prolonged legal uncertainty and associated administrative burden. The supplementary work order significantly increases the scope of an already active project.
Commenting on the Development Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: “This settlement brings a positive and timely closure to a long-pending matter. We appreciate the constructive approach taken by Hindustan Copper Limited in reaching this resolution. The additional work order is a meaningful endorsement of SEPC’s execution strength in specialized mining infrastructure. With this clarity in place, our teams can now fully focus on delivery, operational discipline and accelerating the project timeline.”