SEPC Limited's JV with Furlong secured a ₹86 crore Letter of Award from JSC IA Vozrozhdenie India for developing Bihta Airport's new civil enclave in Patna. The EPC contract covers terminal construction, utilities, roads, and systems, enhancing SEPC's aviation infrastructure presence amid strong H1 FY26 financials.
Project Win Details
SEPC Limited (NSE: SEPC, BSE: 532945), a diversified EPC leader in water, roads, industrial, and mining sectors, announced the LoA through its SEPC-Furlong JV on December 9, 2025. The project develops a new integrated civil enclave at Bihta Airport, Bihar, delivering turnkey solutions from design to maintenance. This marks SEPC's aviation sector expansion, complementing recent wins in water and mobility.
Key Highlights
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Scope Coverage: New terminal building, utility structures, elevated road, electro-mechanical works, airport/IT/security systems, and operations support.
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Client & Value: Awarded by JSC IA Vozrozhdenie India Pvt Ltd for ₹86 crore (₹86 Cr).
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MD's Outlook: Venkataramani Jaiganesh emphasized alignment with high-complexity EPC growth, prioritizing quality and timelines.
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Financial Snapshot: H1 FY26 consolidated income ₹455 Cr, EBITDA ₹54 Cr, net profit ₹24.85 Cr.
Strategic Boost
This win strengthens SEPC's order book, positioning it for sustained growth in India's infra boom.
Sources: SEPC Limited Press Release, NSE/BSE Filings.