SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities.

The company also stated that Hindustan Copper has issued a supplementary work order worth Rs 725 million in connection with the ongoing vertical shaft sinking project. The additional order enhances the overall project value and strengthens SEPC’s position as a key EPC partner in the mining infrastructure segment.

SEPC has a diversified presence across water and municipal services, industrial infrastructure and mining, and specialises in the design, procurement, construction and commissioning of large and complex infrastructure projects across India.