SEPC Limited Greenlights ₹1,530 Crore Acquisition of UAE Oil & Gas Company.

SEPC Limited’s board has approved the acquisition of a 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi, for 90% of AED 708 million (approximately ₹1,530 crore) through a share swap, pending lender and shareholder approvals.

Founded in 2007, Avenir specializes in oil and gas engineering, FEED (Front-End Engineering Design), and PMC (Project Management Consultancy) services across the MENA region. The company reported a turnover of AED 73.93 million (₹171.89 crore) in 2024 and has an order book exceeding AED 500 million. Its key clients include ADNOC and DEWA, and it holds ISO 9001, 14001, and 45001 certifications as an ADNOC-approved vendor.

The acquisition is expected to strengthen SEPC Limited’s international presence, diversify its revenue streams, and enable the company to expand into the global oil and gas sector, tapping into a high-value and growing industry.