📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
SEPC Limited Announces Rescission of Seven Jharkhand Contracts
✍️ Kalkine India
🗓 26 Oct 2026, 05:37 PM
👁 12
SEPC Limited, listed on NSE, has confirmed the cancellation of seven contracts in Jharkhand, citing undisclosed reasons.
SEPC Limited, a publicly listed Indian infrastructure company, announced on X that it has rescinded seven contracts awarded in Jharkhand as part of a broader development initiative.
The company said the rescission was due to "unforeseen circumstances" and that it is working with state authorities to resolve any outstanding issues. No financial impact was disclosed.
The contracts, originally awarded in 2021, were related to road and bridge construction projects across several districts.
SEPC Limited has not yet released a detailed statement, but the move follows a series of scrutiny over contract management in the state. Stakeholders are awaiting further clarification.
The company said the rescission was due to "unforeseen circumstances" and that it is working with state authorities to resolve any outstanding issues. No financial impact was disclosed.
The contracts, originally awarded in 2021, were related to road and bridge construction projects across several districts.
SEPC Limited has not yet released a detailed statement, but the move follows a series of scrutiny over contract management in the state. Stakeholders are awaiting further clarification.