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18-Mar2019

SPML Infra shines on bagging new project orders worth Rs 883 crore

SPML Infra is currently trading at Rs. 34.35, up by 3.45 points or 11.17% from its previous closing of Rs. 30.90 on the BSE.

The scrip opened at Rs. 33.00 and has touched a high and low of Rs. 34.35 and Rs. 33.00 respectively. So far 8770 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 124.00 on 11-May-2018 and a 52 week low of Rs. 27.00 on 01-Mar-2019.

Last one week high and low of the scrip stood at Rs. 33.80 and Rs. 30.15 respectively. The current market cap of the company is Rs. 125.89 crore.

The promoters holding in the company stood at 38.20%, while Institutions and Non-Institutions held 21.46% and 40.34% respectively.

SPML Infra has received four new orders for water supply and irrigation projects with combined cost of over Rs 883 crore from Gujarat, Manipur and Punjab.
The first and the largest single order received so far by SPML Infra is worth Rs 723.87 crore for the Phase 3 of Saurashtra-Narmada Avtaran Irrigation (SAUNI Yojana), an ambitious project initiated by the Government of Gujarat.

The second order received in JV with Shristi Infrastructure Development is worth Rs 103.60 crore for construction of Water Distribution Network and 24x7 Domestic Water Supply along with Sewerage Management System and Storm Water Drainage Network for Ludhiana Smart City with 5 years of O&M.

The two orders of Rs 33.30 Crore and Rs 22.31 Crore have been received for augmentation of Water Supply System in Senapati and Churachandpur districts in Manipur with the idea of promoting tourism under the North East Special Infrastructure Development Scheme (NESIDS).

SPML Infra is a single source solution provider for various multi-disciplinary engineering and infrastructure services from conceptualization to maintenance in water, power, environment and infrastructure projects.


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