3 weeks ago
SEPC secures Rs 854.57 crore order from SAIL
A big Indian steel company called SAIL wants to make more steel.
It has chosen another company, SEPC, to help build part of a new plant.
The job is worth Rs 854.57 crore, which is a very large amount of money.
SEPC will build the supporting systems for a pellet plant.
A pellet plant turns iron ore into small balls called pellets, which are used to make steel.
The work will happen at SAIL's IISCO Steel Plant in Burnpur.
This is part of a bigger plan to raise SAIL's steel production by 4.08 million tonnes every year.
SEPC has 32 months to finish the work.
The company shared this news through a filing on the stock exchange.
SEPC Ltd has secured a new order worth Rs 854.57 crore from state-owned Steel Authority of India Ltd (SAIL).
SEPC will execute pellet plant balance of plant (BoP) works, including civil and structural works, for Pellet Plant Package-2.
The work will be carried out at SAIL's IISCO Steel Plant in Burnpur.
The order supports SAIL's 4.08 MTPA (million tonnes per annum) crude steel expansion project.
The order is scheduled to be completed over a period of 32 months.
- Who
- SEPC Ltd (contractor) and Steel Authority of India Ltd (SAIL), the state-owned client.
- What
- SEPC secured a Rs 854.57 crore order to execute pellet plant balance of plant (BoP) works, including civil and structural works, for Pellet Plant Package-2 at SAIL's IISCO Steel Plant.
- Where
- Announced in New Delhi; the project site is SAIL's IISCO Steel Plant in Burnpur.
- When
- Announced on Thursday via an exchange filing.
- Why
- To support SAIL's 4.08 MTPA crude steel expansion project.
Key facts
- Order Value
- Rs 854.57 crore
- Client
- Steel Authority of India Ltd (SAIL)
- Contractor
- SEPC Ltd
- Project Scope
- Pellet plant BoP including civil and structural works for Pellet Plant Package-2
- Location
- IISCO Steel Plant, Burnpur
- Completion Period
- 32 months
- Expansion Supported
- SAIL's 4.08 MTPA crude steel expansion
- Announcement Mode
- Exchange filing
Sources
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