
Legal11 Dec 2025, 09:17 am
SEPC Settles Dispute with Hindustan Copper; Wins Mining Project of ₹ 72.55 Cr
AI Summary
SEPC Limited, an EPC company with a diversified presence across various sectors, has successfully executed a Settlement Deed with Hindustan Copper Limited (HCL). The settlement concludes all inter-se claims and counterclaims arising from arbitration proceedings and provides SEPC with a full and final settlement of ₹ 30.45 crore. Additionally, HCL has confirmed the issuance of a supplementary work order worth ₹ 72.55 crore related to the ongoing vertical shaft sinking project. This settlement strengthens SEPC's cash flows, closes legacy arbitration, expands its project pipeline, boosts its mining EPC portfolio, and improves business visibility.
Key Highlights
- SEPC receives ₹ 30.45 crore as full and final settlement from HCL
- HCL confirms the issuance of a ₹ 72.55 crore supplementary work order
- Settlement concludes all inter-se claims and counterclaims arising from arbitration proceedings
- Strengthens SEPC's cash flows and closes legacy arbitration
- Expands SEPC's project pipeline and boosts its mining EPC portfolio