SPML Infra shares jump 4% on MIDC land allotment for Battery Storage manufacturing unit
By Aman Shukla Published on June 9, 2025, 10:10 IST
SPML Infra shares surged 4% in morning trade following a significant development from the Maharashtra Industrial Development Corporation (MIDC). MIDC has allotted 99,000 square meters of land in the Supa Parner Industrial Park, Ahmednagar, Maharashtra, to SPML Infra. As of 10:10 AM, the shares were trading 2.81% higter at Rs 196.39.
This land allotment is designated for setting up a Battery Energy Storage System (BESS) manufacturing unit, marking an important step in the company's expansion into the energy storage sector. The allotment is subject to payment of the premium and compliance with other terms outlined by MIDC. SPML Infra has already paid the earnest money and is actively working towards completing the premium payment as required.
The move aligns with growing demand for energy storage solutions, especially battery-based systems that support renewable energy integration and grid stability. This new manufacturing facility is expected to strengthen SPML Infra's position in the clean energy infrastructure market.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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