SEPC is the top gainer on the BSE with volumes jumping up today from 2W-average of 10 lakh shares to over 27 lakh shares today. Opening flat at Rs.12.86, the stock rose almost 15.5% to an intraday high at Rs.14.7; its 52-week high is at Rs.33.50 and low at Rs.12.03.

The stock is up after the company announced today that it has executed a Framework Agreement with ROSHN Group Company, Riyadh, Kingdom of Saudi Arabia (KSA) to carry out infrastructure works in KSA.

SEPC has bid for infrastructure works in 3 zones of Jeddah North, Phase 1A for about SAR 893 million or Rs. 2200 crore, based on signing of Framework Agreement.

The company said that orders (Called – Call-off Orders) can be expected for a minimum of one zone, out of the three Zones.

Last month, the company successfully resolved its dispute with SAIL Rourkela Steel Plant (RSP) through an alternate dispute resolution mechanism. The Outside Expert Committee (OEC), established by SAIL RSP, awarded SEPC Rs.4.21 crore, marking the first successful mediation for both SEPC and SAIL through this mechanism, effectively avoiding arbitration or court proceedings.