SEPC Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

SEPC announced that its board of directors has approved the acquisition of a 90% equity stake in Avenir International Engineers and Consultants LLC, Abu Dhabi in a share swap deal worth Rs 1530 crore.

 This acquisition marks a significant strategic milestone in SEPC's journey to expand its global footprint and strengthen its presence in the high-growth Oil & Gas engineering sector, particularly across the Middle East and North Africa (MENA) region.

Avenir International Engineers and Consultants LLC is a well-established engineering services company specializing in Oil & Gas Engineering, Front-End Engineering Design (FEED), and Project Management Consultancy (PMC). With a strong presence in the MENA region and a robust order book of approximately AED 500 million, Avenir brings deep domain expertise and established client relationships with leading entities such as ADNOC and DEWA.

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The key equity indices traded with significant gains in morning trade supported by positive global sentiment after Donald Trump announced a temporary pause on potential strikes on Iran?s energy infrastructure, indicating possible de-escalation in Middle East tensions. However, investor sentiment remained guarded due to uncertainty over the Strait of Hormuz reopening. Nifty traded above the 22,700 level ahead of the expiry of NSE derivative contract.

IT shares witnessed buying demand after declining in the past trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex surged 739.04 points or 1.03% to 73,447.18. The Nifty 50 index soared 220.85 points or 0.97% to 22.727.55.

In the broader market, the BSE 150 MidCap Index rose 0.69% and the BSE 250 SmallCap Index rose 0.42%.

The market breadth was strong. On the BSE, 2,554 shares rose and 1,382 shares fell. A total of 214 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term declined 4.10% to 25.63.

US-Iran Warfare

The ongoing conflict in the Middle East continues to intensify, keeping global investors cautious as the war enters its fourth week, raising concerns about energy security and global economic stability.

Donald Trump has said that based on the ?tenor and tone? of the ongoing discussions, he has instructed the US department of war to postpone any planned military strikes on Iranian power plants and energy infrastructure for five days.

According to the chief of the International Energy Agency (IEA), nearly 40 energy assets ?severely damaged' in conflict; warns of ?worst? crisis.

IPO Update:

The initial public offer (IPO) of Central Mine Planning & Design Institute received bids for 2,21,44,560 shares as against 7,97,89,500 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.28 times.

The issue opened for bidding on 20 March 2026 and it will close on 24 March 2026. The price band of the IPO is fixed between Rs 163 and 172 per share.

The initial public offer (IPO) of Sai Parenteral?s received bids for 86,792 shares as against 75,22,486 shares on offer, according to stock exchange data at 11:21 IST on Tuesday (24 March 2026). The issue was subscribed 0.01 times.

The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 372 and 392 per share.

The initial public offer (IPO) of Amir Chand Jagdish Kumar (Exports) received bids for 38,71,770 shares as against 1,89,05,270 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.20 times.

The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 201 and 212 per share.

The initial public offer (IPO) of Powerica received bids for 88,726 shares as against 2,05,55,171 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (24 March 2026). The issue was subscribed 0.00 times.

The issue opened for bidding on 24 March 2026 and it will close on 26 March 2026. The price band of the IPO is fixed between Rs 375 and 395 per share.

Buzzing Index:

The Nifty IT index jumped 1.12% to 29,474.20. The index declined 0.18% in the past trading session.

Tech Mahindra (up 1.4%), Infosys (up 1.23%), HCL Technologies (up 1.14%), Oracle Financial Services Software (up 0.46%), Mphasis (up 0.43%), LTIMindtree (up 0.35%), Wipro (up 0.33%), Persistent Systems (up 0.22%) and Tata Consultancy Services (up 0.16%) advanced.

Stock in Spotlight:

SEPC rose 2.80% after the company announced the acquisition of a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC. The deal, valued at around AED 708 million (approximately Rs 1,530 crore), is part of SEPC?s strategy to expand its global footprint in the oil and gas engineering sector.

Global Markets:

Asia markets jumped on Tuesday as signs of de-escalation in the Middle East conflict moderated oil prices.

The gains came after U.S. President Donald Trump said Monday he had instructed the U.S. military to delay planned strikes on Iran?s power plants and energy facilities for five days, after discussions with Iranian officials. The development gave investors hope that the Middle East conflict that spiked oil prices and raised fears of a global recession was nearing an end.

However, Iranian state media, citing an unnamed senior security official in a Telegram post, disputed Trump?s account, denying that any talks had taken place between Washington and Tehran.

Meanwhile, Japan?s Nikkei 225 and the Topix indices clocked strong gains after the country's headline inflation rate eased for a fourth straight month in February as the economy cooled on stabilizing food prices and fuel subsidies.

The consumer price index fell to 1.3% last month, according to data released by Japan?s Statistics Bureau Tuesday, marking the lowest since March 2022 and below the central bank?s 2% target, down from 1.5% in January.

Overnight in the U.S., stocks rallied after President Donald Trump said the U.S. and Iran have held talks. The Dow Jones Industrial Average jumped 631 points, or 1.38%, to close at 46,208.47. The S&P 500 rose 1.15% and ended at 6,581.00, while the Nasdaq Composite gained 1.38% and settled at 21,946.76.

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The deal, valued at around AED 708 million (approximately Rs 1,530 crore), is part of SEPC?s strategy to expand its global footprint in the oil and gas engineering sector.

The transaction will be executed through a share swap arrangement and is expected to be completed within six months, subject to approvals from lenders and shareholders.

Avenir is an established engineering consultancy firm specialising in oil and gas engineering, front-end engineering design (FEED), and project management consultancy, with a strong presence in the Middle East and North Africa (MENA) region. It has an order book of approximately AED 500 million and counts ADNOC and DEWA among its key clients.

SEPC said the acquisition will enable its entry into the global oil and gas EPC and consulting ecosystem, while strengthening international execution capabilities and geographic diversification. It is also expected to provide access to higher-margin engineering services and create a scalable growth platform in the MENA region.

The company added that the move aligns with its long-term strategy of building a globally diversified engineering platform and enhancing value creation through synergies in engineering, procurement and project execution.

Avenir reported revenue of AED 73.93 million in FY24, compared with AED 69.17 million in FY23 and AED 31.91 million in FY22.

SEPC, formerly Shriram EPC, is an EPC company offering turnkey solutions across water and wastewater, roads, industrial infrastructure and mining sectors, serving both central and state government clients in India.

The company?s consolidated zoomed 236.9% to Rs 14.96 crore on 156.3% jump in revenue from operations to Rs 340.97 crore in Q3 FY26 over Q3 FY25.

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SEPC will hold a meeting of the Board of Directors of the Company on 23 March 2026.

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