Samay Project Services Secures $1.2 Million LOI for New EPC Assignment

Samay Project Services Ltd. has received a Letter of Intent (LOI) for a new engineering, procurement, and construction (EPC) project valued at $1.2 million, marking another milestone in its post-IPO growth trajectory. The Chennai-based firm continues to expand its footprint across industrial sectors with specialized balance-of-plant solutions.

 

Key highlights:

 

- The LOI pertains to a turnkey EPC contract involving piping systems, fabricated structures, and fire protection installations.

- The project is expected to commence in August 2025 and will be executed over a six-month timeline.

- The client, a mid-sized industrial player in the power and infrastructure segment, has previously collaborated with Samay on fire safety systems.

 

Strategic context:

- This LOI follows Samay’s successful IPO in June 2025, which raised ₹146.9 million and saw strong investor interest across retail and institutional categories.

- The company has completed EPC projects worth ₹407.5 million in FY24, with a growing order book that includes assignments in Mauritius and across Tier 2 Indian cities.

- Samay’s technical team leverages AutoPlant CAD and Canute hydraulic modeling software to optimize design and execution.

 

Operational impact:

The new project will utilize carbon steel and high-temperature alloy piping, fabricated on-site under ISO 9001:2015 quality protocols.

Samay expects the contract to contribute positively to FY26 revenues and enhance its client retention metrics.

 

This LOI reinforces Samay’s reputation for precision engineering and timely delivery in a competitive EPC landscape.

 

Sources: Groww, Chittorgarh, Bajaj Broking, Chanakya, ET Now.