SEPC Ltd Secures ₹230 Crore Turnkey Mining Order from MOIL for Chikla Mine Expansion

MOIL, India's leading manganese ore producer, issued the order to SEPC for comprehensive shaft development at its Chikla underground mine in Bhandara district. The project involves engineering, procurement, construction, and commissioning, aligning with SEPC's expertise in vertical shaft sinking and mining infrastructure. Execution timelines remain undisclosed but follow SEPC's recent wins in similar domains.
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Key Highlights

Contract Value: ₹230 crore (₹2.30 billion), enhancing SEPC's order book that recently crossed ₹3,300 crore via mining consortiums.
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Project Scope: Turnkey execution of 3rd Vertical Shaft, including design, furnishing, and equipping for improved ore extraction efficiency.
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Strategic Fit: Complements SEPC's mining EPC successes, like ₹72.5 crore HCL order post-settlement and ₹442 crore irrigation projects.
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Client Profile: MOIL Ltd, a Navratna PSU under Ministry of Steel, focuses on manganese for steel production.
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Market Impact: This award signals robust demand for SEPC's infra capabilities, potentially lifting shares amid Q3 execution ramps. Order book now spans mining, rail, and irrigation vertically.
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​Sources: NSE India Filings