SEPC Ltd Receives Contract Rescission Notices for 7 Jharkhand Projects

SEPC Ltd has received formal intimations from the Department of Drinking Water and Sanitation, Government of Jharkhand, rescinding seven water supply contracts. These contracts were initially awarded in prior years, with the company having made several announcements regarding them since 2016. SEPC Ltd is currently evaluating its options and taking appropriate steps, including invoking dispute resolution mechanisms and legal arbitration, to safeguard its financial and legal interests. The company will continue to update the stock exchanges on material developments.