SEPC Surges Over 19% After Securing Infrastructure Deal in Saudi Arabia {update}

Shares of SEPC Ltd soared 14.6% on March 12, 2025, after the company inked a major agreement with ROSHN Group, a leading real estate developer in Saudi Arabia. The deal, valued at ₹2,200 crore, positions SEPC for significant infrastructure projects in the Middle Eastern nation.

Key Highlights of the Agreement

• Project Location: The contract focuses on infrastructure works in Jeddah, a city undergoing rapid modernization.
• Bidding Details: SEPC has submitted a bid for three designated zones within Jeddah North, Phase 1A.
• Project Valuation: The total project is worth SAR 893 million, roughly translating to ₹2,200 crore.
• Execution Plan: The deal includes a Framework Agreement, allowing SEPC to undertake phased infrastructure development through Call-off Orders—individual work orders for specific zones.

Strategic Importance

Saudi Arabia is witnessing a construction boom driven by its ambitious Vision 2030 initiative. The agreement with ROSHN Group gives SEPC a strong foothold in this growing market, paving the way for more opportunities in the region.