SEPC Loses ₹50 Lakhs as MOIL Cancels Contract
SEPC Limited · SEPC · NSE ·
A work order awarded to SEPC by MOIL Limited (a Government Undertaking) for a turnkey project has been cancelled. As a result, MOIL has forfeited SEPC's Earnest Money Deposit (EMD), leading to a direct financial loss of ₹50 Lakhs. The cancellation of a major project and forfeitur…