SEPC settles dispute with Hindustan Copper; bags Rs 72.5 cr mining project

New Delhi, Dec 11 (PTI) Engineering, procurement and construction firm SEPC Ltd on Thursday said it has settled a dispute with Hindustan Copper Ltd and bagged a Rs 72.5 crore mining project from the state-owned firm.

SEPC, which has a diversified presence across sectors such as water and municipal services, industrial infrastructure, and mining, will receive Rs 30.45 crore as a full and final settlement, marking the closure of all pending arbitration matters between the two companies.

"SEPC Ltd...announced the successful execution of a settlement deed with Hindustan Copper Ltd (HCL), concluding all inter-se claims and counterclaims arising from the arbitration proceedings," it said in a filing to BSE.

The company said that HCL has confirmed the issuance of a supplementary work order worth Rs 72.5 crore related to the ongoing vertical shaft sinking project.

This new award enhances the project's overall value and reinforces SEPC's standing as a key EPC (engineering, procurement and construction) partner in the mining infrastructure segment.

SEPC specialises in the design, procurement, construction, and commissioning of large and complex infrastructure projects across the country. PTI SID DR DR