Business Update22 May 2026, 03:30 pm
SEPC: MOIL Cancels ₹230 Cr Work Order
AI Summary
SEPC Ltd. announced that MOIL Limited has cancelled a work order worth ₹230 Crores, which was previously disclosed on December 29, 2025. The order was for designing, construction, furnishing, and equipping MOIL's 3rd Vertical Shaft on a turnkey basis. As a result of the cancellation, SEPC will forfeit its Earnest Money Deposit (EMD) of ₹50 Lakhs.
Key Highlights
- MOIL Limited cancels ₹230 Cr work order awarded to SEPC Ltd.
- The work order was for designing, construction, furnishing, and equipping MOIL's 3rd Vertical Shaft.
- SEPC Ltd. will forfeit ₹50 Lakhs Earnest Money Deposit (EMD) due to cancellation.
Price Impact
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