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JV Secures ₹521 Cr Road Project in UP
14 May
Summary
- SEPC-Furlong JV received ₹521.46 crore EPC contract from Shalimar Corp.
- The project involves widening the Shahjahanpur-Bisalpur road in Uttar Pradesh.
- The contract is for executing the road project on a lump-sum turnkey basis.
SEPC Limited announced that its joint venture, SEPC-Furlong JV, has been awarded a Letter of Award (LoA) amounting to ₹521.46 crore. The contract, secured from Shalimar Corp, is for engineering, procurement, and construction (EPC) services.
The project involves the widening and upgradation of the Shahjahanpur-Bisalpur road section in Uttar Pradesh. This initiative aims to convert the stretch into a four-lane configuration, thereby improving connectivity and capacity in the region.
The agreement specifies that the work will be executed on a lump-sum turnkey basis. This EPC subcontracting model means the joint venture is responsible for all aspects of the project's design, procurement, and construction.
This significant contract win reinforces SEPC's presence in the infrastructure sector, particularly in road development. The order further contributes to the company's robust project pipeline and highlights its continued participation in infrastructure projects via joint venture arrangements.
