Deals28 May 2025, 10:15 am
SEPC FZE, Sharjah, UAE Receives USD 8.9 Million Contract from Lauren Engineers & Constructors INC
AI Summary
SEPC Ltd announces that its wholly owned subsidiary, SEPC FZE, Sharjah, UAE, has been awarded a contract by Lauren Engineers & Constructors INC for the construction, supply and installation of four units of 45,000 litter capacity steel tanks for a total consideration of USD 8.9 Million (Equivalent to INR 756 Million). The Letter of Award was received on May 27, 2025.
Key Highlights
- SEPC FZE, Sharjah, UAE received a work order from Lauren Engineers & Constructors INC for a consideration of USD 8.9 Million (Equivalent to INR 756 Million)
- The contract is for the construction, supply and installation of four units of 45,000 litter capacity steel tanks
- The project is to be executed within 15 months from the start, including commissioning
- The contract falls within related party transactions
- SEPC Limited, the parent company, has no interest in the entity that awarded the order/contract