Shares of SPML Infra Ltd rose 3% to the touch a day’s excessive of Rs 309.90 on nineteenth August, after the corporate introduced that it had bagged a Rs 1,073 crore contract for a water provide undertaking in Indore, Madhya Pradesh.
In an alternate submitting, SPML Infra stated the Indore Municipal Company has awarded it a Rs 1,073 crore undertaking below AMRUT 2.0. The contract additionally features a 10-year Operation & Upkeep (O&M) deal.
Key Highlights of the Challenge:
- Water Consumption & Pumping: Building of a 1,650 MLD Consumption system with a Uncooked Water Pump Home.
- Therapy Plant: A 400 MLD Water Therapy Plant with superior expertise to satisfy high quality requirements.
- Transmission Community: Booster pumping stations and 22 km of pipelines (1,200 mm – 2,337 mm in diameter).
- Energy Assist: A 132/33 kV substation to again water provide operations.
- Lengthy-Time period O&M: A decade-long contract with escalation provisions.
Chairman Subhash Sethi acknowledged that the undertaking will improve Indore’s water infrastructure, noting that its distinctive scope positions SPML Infra among the many few international corporations able to delivering such built-in techniques.
Final month, the corporate additionally secured a Rs 385 crore water provide undertaking in Ajmer, Rajasthan.
At 11:40 AM, the shares of SPML Infra have been buying and selling 0.17% decrease at Rs 297.45 on NSE.
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