SEPC touches roof on completing integrated Al Qibla Project in Iraq

SEPC Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532945 | NSE: SEPC

12 Jun 2023 Evaluate

SEPC is currently trading at upper limit of Rs. 8.05, up by 0.33 points or 4.27% from its previous closing of Rs. 7.72 on the BSE.

The scrip opened at Rs. 7.72 and has touched a high and low of Rs. 8.10 and Rs. 7.72 respectively. So far 1111466 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.83 on 10-Mar-2023 and a 52 week low of Rs. 6.27 on 07-Nov-2022.

Last one week high and low of the scrip stood at Rs. 8.43 and Rs. 7.45 respectively. The current market cap of the company is Rs. 1110.86 crore.

The promoters holding in the company stood at 31.08%, while Institutions and Non-Institutions held 40.98% and 27.94% respectively.

SEPC has successfully completed the Integrated Al Qibla Project in Basra, Iraq, for $236 million. The scope of work involves Engineering, Supply, Installation of Primary Sanitary sewer system, Storm sewer system, Trunk sewer system with connected pumping station and road works.

This will enable SEPC to participate in International tenders of Contracts value up to $500 million and also open up new markets in GCC countries and others.

SEPC provides end-to-end solutions to engineering challenges offering multi-disciplinary design, engineering, procurement, construction and project management services.