SEPC Limited has officially announced the outcome of its Board Meeting held on March 23, 2026, marking a significant milestone in its corporate growth strategy. The Board has approved the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, an Abu Dhabi-based firm specializing in the Oil & Gas sector. This strategic move is subject to the necessary approvals from both lenders and shareholders, with a projected completion timeline of approximately six months.

The acquisition is valued at approximately INR 1,530 Crores (representing 90% of an AED 708 million valuation based on IBBI standards) and will be executed through a swap of shares. Avenir International is a robust entity with a turnover of INR 171.89 Crores in 2022 and an impressive order book exceeding AED 500 million. The target company serves prestigious clients like ADNOC and DEWA, providing specialized Front-End Engineering Design (FEED) and Project Management Consultancy (PMC) services. By integrating Avenir’s expertise, SEPC Limited aims to diversify its revenue streams into high-value international markets and strengthen its presence in the Middle East and North Africa (MENA) region.

SEPC Limited, formerly known as Shriram EPC, is a prominent player in the engineering, procurement, and construction (EPC) landscape, providing integrated solutions for infrastructure projects including water management, process plants, and power sectors. Throughout 2025, the company focused heavily on debt restructuring and improving its execution capabilities to regain market confidence. Recent updates from the company indicate a steady inflow of domestic municipal contracts, particularly in water treatment and distribution, as it leverages its specialized engineering pedigree to bid for larger, high-margin government projects under national infrastructure schemes.

Regarding financial performance in 2025, SEPC Limited reported a consolidated revenue of approximately INR 165 Crores for the quarter ending September 30, 2025, reflecting a steady recovery compared to previous periods. While the company has been navigating a phase of turnaround, its net profit showed marginal improvement as interest costs began to stabilize following successful negotiations with lenders. Notably, the company’s shareholding pattern has historically seen interest from veteran investors and institutional players who monitor the firm’s progress in the EPC space. For instance, Mark Mobius and his team have previously been noted for tracking the Indian infrastructure sector, where SEPC remains a key, albeit recovering, participant.