SEPC’s Solar Power Play: ₹650 Crore Win Promises Brighter, Greener Maharashtra!

SEPC Ltd, a leading engineering solutions provider, has clinched a landmark ₹650 crore (6.5 billion rupees) Engineering, Procurement, and Construction (EPC) contract for a 133 MW solar power project in Maharashtra. The Letter of Award (LoA) was officially received from Parmeshi Urja Ltd, a subsidiary of India Power Corp, on June 10, 2025, marking a major stride in SEPC’s renewable energy journey.

Key Highlights:

Project Scope: The contract covers the design, engineering, supply, installation, testing, and commissioning of solar power plants across 26 locations in four districts—Sambhaji Nagar, Dhule, Solapur, and Nanded. SEPC will deliver the project on a turnkey EPC basis, handling all aspects from civil to structural works.

Strategic Importance: This initiative is part of the central government’s PM-KUSUM Yojana, aimed at solarizing agricultural pumps and enhancing rural energy access. The project aligns with India’s broader clean energy goals and supports the Mukhyamantri Saur Krishi Vahini Yojana 2.0, which targets rural energy needs through decentralized solar solutions.

Execution Timeline: The project is expected to be completed within 12 to 18 months from the commencement date, with detailed timelines to be finalized during site-specific kick-off meetings.

Market Impact: SEPC’s shares saw a notable uptick, closing 3.7% higher ahead of the announcement, reflecting investor confidence in the company’s expanding green portfolio.

No Related Party Concerns: SEPC confirmed there are no related party transactions involved, ensuring transparency and compliance.

This contract not only strengthens SEPC’s position in India’s fast-growing solar EPC sector but also contributes significantly to the nation’s renewable infrastructure and climate goals.

Sources: Mercom India, Economic Times, Business Standard