The share price of small-cap civil construction company SEPC Ltd has been on a strong upswing in recent sessions.
On Monday, the stock surged over 13%, touching an intraday high gain of 13.8%, marking its biggest single-day rise since 11 June this year.
The positive momentum spilled over into Tuesday's trade as well, with SEPC shares climbing over 7% intraday to hit a high of Rs 10.98.
Overall, the stock has rallied more than 20% over the last two trading sessions. Here's what's driving the sharp move
On 16 December 2025, SEPC secured a sub-contract purchase order from Vishnu Prakash R Punglia Limited for a railway infrastructure project, with a total order value of Rs 2,696.9 million (m).
The domestic order pertains to the Ajmer-Chanderiya doubling project under the Ajmer division of the North Western Railway.
The project is scheduled to be executed within 24 months from the date of issuance of the Letter of Acceptance (LOA), or any extension granted thereafter.
| Particulars | Details |
|---|---|
| Date of Order | 16 December 2025 |
| Awarded By | Vishnu Prakash R Punglia Limited |
| Order Value | Rs 2,696.9 m |
| Execution Timeline | 24 months from LOA (or extension, if any) |
The announcement of this order acted as a key trigger, leading to a rally in SEPC's share price.
In an exchange filing dated 15 December 2025, SEPC announced its association with the JARPL-AT Consortium for the Rampur Batura Opencast Coal Mine Project located in the Sohagpur area of Shahdol district, Madhya Pradesh.
The company has entered into agreements with Jai Ambey Roadlines Pvt. Ltd. and Avinash Transport, which together constitute the JARPL-AT Consortium.
The mining project has been awarded by South Eastern Coalfields Ltd., with an aggregate contract value of approximately Rs 33 billion (bn) and an estimated project tenure of around 10 years.
The scope of work includes the supply of materials, deployment of machinery and manpower, project management and consultancy services, along with other associated services as per the agreed terms.
This engagement marks SEPC's entry into a large-scale, long-duration mining project, further strengthening its mining portfolio.
| Particulars | Details |
|---|---|
| Disclosure Date | 15 December 2025 |
| Consortium | JARPL-AT Consortium |
| Consortium Members | Jai Ambey Roadlines Pvt. Ltd., Avinash Transport |
| Project | Rampur Batura Opencast Coal Mine |
| Awarding Authority | South Eastern Coalfields Ltd. |
| Aggregate Contract Value | Rs 33 billion |
| Project Tenure | ~10 years |
The announcement acted as a positive trigger and led to a rally in the company's share price.
Going forward, the company remains focused on leveraging its technical expertise, expanding its presence in high-potential sectors, and creating sustainable value for all stakeholders.
The infrastructure sector continues to be a key growth driver for the Indian economy, supported by flagship initiatives such as the National Infrastructure Pipeline (NIP), Make in India, the Namami Gange Programme, the National River Conservation Plan, the Jal Jeevan Mission, and the PLI schemes.
These programmes are accelerating investments, encouraging private participation, and strengthening India's overall competitiveness.
At the same time, the mining sector plays a critical role in supporting infrastructure-led growth, with opportunities emerging across iron ore, coal, bauxite, copper, zinc, and aluminium.
As surface deposits gradually deplete, the shift towards underground mining is expected to improve sustainability while ensuring long-term resource security.
Collectively, these structural tailwinds are likely to strengthen the company's position and growth prospects over the medium to long term.
In the past 15 days, shares of SEPC has rallied over 15.9%.
The stock touched its 52-week high of Rs 23.32 on 17 December 2024 and its 52-week low of Rs 8.5 on 9 December 2025.
SEPC provides end-to-end solutions across multiple sectors, including water, infrastructure, metallurgy, and process industries.
The company offers multidisciplinary capabilities spanning design, engineering, procurement, construction, commissioning, and comprehensive project management.
Within the infrastructure segment, SEPC undertakes projects such as drinking water and sewerage systems, along with road construction assignments for the Ministry of Road Transport & Highways.
Its industrial EPC division caters to sectors including steel plants, deep shaft mining, power plants, and other core industrial facilities.
For more details, see the SEPC company fact sheet and quarterly results.
Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
Happy Investing.
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