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SEPC Ltd has closed its long-pending arbitration dispute with Hindustan Copper Ltd (HCL) after both sides agreed to a full and final financial settlement. The company will receive INR 30.45 crore under the settlement, clearing all outstanding claims and counterclaims between the two organisations. Along with the settlement, SEPC has also been issued a supplementary work order worth INR 72.5 crore for an ongoing vertical shaft sinking project. The development strengthens SEPC's position in mining infrastructure, a sector where it has been expanding steadily in recent years.
SEPC Ltd has confirmed that it has resolved its long-standing arbitration issues with Hindustan Copper Ltd after both companies finalised a full and final settlement. The company reported that it will receive INR 30.45 crore under this agreement, closing all remaining claims and counterclaims linked to the earlier proceedings. Advertisement
According to its exchange filing, SEPC stated that it had executed a formal settlement deed with Hindustan Copper, and the state-owned miner has acknowledged the settlement terms. The company added that HCL has also issued a supplementary work order valued at INR 72.5 crore for the ongoing vertical shaft sinking project awarded earlier. This additional work expands the overall scope and value of the project.
SEPC has been active across multiple infrastructure segments, including water and municipal services, industrial facilities development, and mining infrastructure. The company continues to undertake large, complex projects and has gradually strengthened its presence in the mining EPC space over the past few years. The fresh work order from HCL is expected to add momentum to its mining project pipeline.
Source PTI
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