SEPC Limited’s joint venture with Furlong has received a Letter of Award valued at ₹5214.6 Million from Shalimar Corp for the widening and upgradation of the Shahjahanpur-Bisalpur stretch in Uttar Pradesh to a four-lane configuration on a lump-sum turnkey EPC basis.
SEPC Limited has announced that its joint venture, SEPC-Furlong JV, has received a Letter of Award (LoA) valued at ₹5214.6 Million from Shalimar Corp Limited for engineering, procurement and construction (EPC) work, according to a regulatory filing.
The contract involves the widening and upgradation of the Shahjahanpur–Bisalpur stretch in Uttar Pradesh to a four-lane configuration on a lump-sum turnkey basis. The scope of work includes design, procurement, and construction responsibilities under the EPC model.
This development matters because the project aims to improve road connectivity and capacity in the Shahjahanpur–Bisalpur region, part of Uttar Pradesh’s ongoing infrastructure development push. The contract adds to SEPC’s project pipeline and reflects continued activity in the road infrastructure segment.
The joint venture structure allows SEPC to share execution risk and leverage Furlong’s complementary capabilities. Industries impacted include road infrastructure EPC, civil construction, and project management.
Regional stakeholders include local transport operators, Uttar Pradesh state authorities, and material suppliers along the Shahjahanpur–Bisalpur corridor.
For investors, the order win provides revenue visibility for the joint venture, though execution will depend on land acquisition, material availability, and weather conditions affecting construction timelines. The lump-sum turnkey model transfers cost overrun risk to the contractor, incentivizing efficient delivery.
SEPC Limited is an Indian engineering, procurement, and construction company headquartered in Chennai, specializing in infrastructure and industrial projects. Furlong is its joint venture partner for this project.
Shalimar Corp Limited is the awarding entity for the road widening project in Uttar Pradesh.
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