The shares of Infrastructure Developers & Operators Company, specializing in providing engineering, procurement, and construction (EPC) services across various sectors, jumped upto 15 percent upon executing a Framework Agreement with M/s ROSHN Group Company, Riyadh, Saudi Arabia.
Price action
With a market capitalization of Rs. 2,229.78 Crores on Wednesday, the shares of SEPC Limited jumped upto 14.6 percent making a high of Rs. 14.71 compared to its previous closing price of Rs. 12.83.
What Happened
SEPC Limited, engaged in providing engineering, procurement, and construction (EPC) services across various sectors, has signed a Framework Agreement with M/s ROSHN Group Company, Riyadh, Saudi Arabia.
The agreement is to undertake infrastructure works in the Kingdom of Saudi Arabia (KSA), and they had bid for projects in three zones of Jeddah North, Phase 1A, valued at approximately SAR 893 million (around Rs. 2200 crores). Following the agreement, SEPC expects to receive Call-off Orders for at least one of the three zones.
About the company
SEPC (Shapoorji Pallonji Engineering & Construction) is a leading engineering, procurement, and construction (EPC) company based in India. It specializes in executing large-scale infrastructure projects across various sectors, including construction, power, oil and gas, and industrial services.
Key Insights
The company has a low debt-to-equity ratio of 0.27 and has achieved an average revenue growth of 19.41 percent over the past three years.
Financials
The company’s revenue declined by 0.66 percent from Rs. 160.81 crore to Rs. 159.75 crore in Q3FY24-25. Meanwhile, Net profit declined from Rs. 5.53 crores to Rs. 4.44 crore during the same period.
Written by Sridhar J
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