Shares of SPML Infra Ltd hit a 5% higher circuit on 10 March after the corporate introduced securing a major irrigation venture price Rs 618 crore from the Jharkhand authorities.
In an trade submitting, the company revealed the association for a serious irrigation venture beneath the Konar Irrigation Challenge with the Water Useful resource Division of the Hazaribagh district. The aim of this turnkey venture is to improve irrigation techniques all through 12,599.43 hectares of farmland within the Bisnugarh block (Hazaribagh), Nawadih block (Bokaro), and Dumri block (Giridih) of Jharkhand.
Subhash Sethi, Chairman of SPML Infra, stated, “This venture aligns with our dedication to delivering sustainable water administration options that improve agricultural productiveness and enhance farmers’ livelihoods. By leveraging superior know-how and environment friendly execution, we intention to finish the venture inside the stipulated timeline whereas guaranteeing excessive requirements of high quality and reliability.”
The venture, awarded to SPML Infra in collaboration with Vijay Kumar Mishra Building, has a complete worth of Rs 617.98 crore and goals to enhance irrigation techniques on 12,599.43 hectares of agricultural land in Jharkhand’s Bisnugarh (Hazaribagh), Nawadih (Bokaro), and Dumri (Giridih).
Open channels shall be used to rebuild, restore, and fortify the primary canal, proper department canal, and their distributaries, sub-distributaries, and minor canals. Different initiatives embrace a solar-powered pump home with a sump, a stress pipe water transport system, an method channel, and canal lining.
A contemporary pipeline community of HDPE, DI, and MS pipes as much as 1200 mm in diameter shall be coupled to a sophisticated pipe distribution community (PDN) and management mechanisms. Supporting infrastructure, reminiscent of method roads, boundary partitions, and repair roads, may even be constructed.
To make sure long-term effectivity, the venture features a 10-year post-construction part devoted to operation, upkeep, and administration (O&M).
At 3:30 pm, the shares of SPML Infra closed 5% greater at RS 176 on NSE.
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