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SPML Infra shares today: Shares of SPML Infra Ltd jumped 3 percent on August 19, hitting a day’s high of Rs 309.90 after the company announced it had secured a major water supply contract worth Rs 1,073 crore from the Indore Municipal Corporation in Madhya Pradesh.

The project, awarded under the AMRUT 2.0 scheme, includes a comprehensive 10-year Operation & Maintenance (O&M) agreement alongside the construction work.

Despite the positive news, SPML Infra shares were trading slightly down by 0.17 percent at Rs 297.45 on the NSE at 11:40 AM.

Building a 1,650 MLD (million liters per day) water intake system with a raw water pump house.

Setting up a 400 MLD water treatment plant equipped with advanced technology to ensure high-quality water supply.

Developing booster pumping stations and laying approximately 22 km of pipelines, ranging from 1,200 mm to 2,337 mm in diameter.

Installing a 132/33 kV power substation to support the water supply operations.

A long-term 10-year O&M contract with escalation provisions to maintain the infrastructure.

SPML Infra’s Chairman, Subhash Sethi, said the project will significantly improve Indore’s water infrastructure. He added that the scale and scope of the work make SPML one of the few global companies capable of delivering such integrated water supply systems.

This contract follows a recent Rs 385 crore water supply project win in Ajmer, Rajasthan, highlighting SPML Infra’s growing footprint in urban infrastructure projects.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.