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29-Sep-2025     10:33
SEPC gains after securing engineering services contract from Avenir International

The total value of the contract stands at AED 13.5 million, which translates to approximately Rs 32.63 crore at prevailing exchange rates.

The sub-contract entails the performance of a wide range of engineering services, marking a significant step forward in SEPC's presence in the Middle East's energy infrastructure space. Specific schedules and project timelines will be communicated by the counterparty in due course and will align with ADNOC's operational requirements.

The award of this contract underscores SEPC's growing international engagement and its capabilities in delivering high-value engineering solutions for global clients.

SEPC has clarified that the awarding entity, Avenir International Engineers and Consultants LLC, is an unrelated international party, with no connection to the company's promoter, promoter group, or group companies. Accordingly, the transaction does not fall within the scope of related party transactions.

SEPC is engaged in providing end-to-end solutions to engineering challenges, offering multidisciplinary design, engineering, procurement, construction, and project management services.

The company's consolidated net profit surged 104.8% YoY to Rs 16.55 crore in Q1 FY26, compared to Rs 8.08 crore in the year-ago quarter. Revenue from operations rose 15% YoY to Rs 202.28 crore from Rs 175.82 crore in Q1 FY25.

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