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Business Standard
11-07-2025
- Business
- Business Standard
₹385-cr order win lifts SPML Infra share price 6% today; key details inside
SPML Infra share price: SPML Infra share price was buzzing in trade in a weak market on Friday, July 11, 2025, with the scrip rising as much as 5.62 per cent to hit an intraday high of ₹289.95 per share. At 1:35 PM, SPML Infra shares were off day's high, but continued to trade 2.02 per cent higher at ₹280.05 per share. In comparison, BSE Sensex was trading 0.79 per cent lower at 82,529.39 levels. Why did SPML Infra share price rise in trade today? SPML Infra share price soared today after the company announced that it has bagged a project worth ₹385 crore for the water production and supply system for Kekri-Sarwar Sector Package-III in Ajmer, Rajasthan. The company said it had secured the project under the Government of India's flagship Jal Jeevan Mission. The contract includes a long-term 10-year operation and maintenance (O&M) component, aimed at ensuring the system's sustained performance over the coming decade. The initiative is part of the broader Kekri Water Supply Scheme, which focuses on upgrading and enhancing the water infrastructure in the Kekri-Sarwar region by drawing water from the Bisalpur Dam. Subhash Sethi, chairman of SPML Infra said, "We are honoured to be selected for this prestigious project under the Jal Jeevan Mission. This new project represents not just a business milestone for SPML Infra, but also our commitment to supporting the Government's vision of providing safe and clean drinking water to every household in India.' Sethi added, 'The Kekri-Sarwar water supply project will significantly enhance water security for the people of Rajasthan and demonstrates our capability to execute complex water infrastructure projects with cutting-edge technology. This project exemplifies our integrated approach to water infrastructure development, combining advanced technology, efficient distribution systems, and long-term operational excellence. With the 10-year O&M contract, we are committed to ensuring the system's optimal performance throughout its operational life.' The project entails the construction of a 160 MLD Water Treatment Plant at Kekri, two clear water reservoirs with a combined capacity of 37.75 MLD, and nearly 59 kilometres of MS pipeline to create a robust water transmission network. It also involves the integration of advanced pumping systems, SCADA-based monitoring for real-time control, and associated civil infrastructure including new office buildings and residential quarters. According to the company, this large-scale project will considerably boost the region's water supply capabilities and support the government's mission to provide safe drinking water to every household in the country. About SPML Infra SPML Infra is an infrastructure development company with over 40 years of experience spanning the power, water, environment, and technology sectors. With a strong pan-India footprint, SPML has successfully delivered more than 700 projects, shaping vital infrastructure such as drinking water supply systems, wastewater treatment facilities, integrated sewerage networks, municipal waste management, power transmission and distribution systems, substations, rural electrification, and smart city initiatives. As India's leading water management company, SPML has played a pivotal role in delivering clean drinking water to over 50 million people across both urban and rural regions. The company is ranked 14th among the World's Top 50 Private Water Companies by Global Water Intelligence (GWI), London, and is recognised as one of India's Top 10 Infrastructure Companies. The market capitalisation of SPML Infra is ₹1,994.76 crore, according to BSE.
Business Standard
11-07-2025
- Business
- Business Standard
SPML Infra gains after securing Rs 385 crore jal jeevan mission contract
SPML Infra added 1.55% to Rs 278.75 after the company secured an Rs 385 crore contract under the Government of India's Jal Jeevan Mission. The project pertains to the Water Production & Supply System for the Kekri-Sarwar Sector Package-III in Ajmer, Rajasthan. It also includes a 10-year operation and maintenance (O&M) component, ensuring long-term engagement for the company. The Kekri Water Supply Scheme aims to upgrade and strengthen water supply infrastructure in the Kekri-Sarwar region, drawing water from the Bisalpur Dam. The project is expected to significantly enhance water production and distribution capabilities across the Ajmer district, supporting the government's goal of ensuring safe drinking water for every rural household. The comprehensive water infrastructure project is designed to significantly enhance regional water supply and management capabilities through a suite of strategically planned components. At the heart of the project is the establishment of a 160 MLD state-of-the-art Water Treatment Plant (WTP) at Kekri, engineered to meet stringent water quality standards and ensure safe potable water supply. Supporting this facility are two Clear Water Reservoirs (CWRs) with a total capacity of 37.75 MLDcomprising a 20 MLD reservoir at the Kekri WTP campus and a 17.75 MLD reservoir at the Intermediate Pumping Station (IPS) in Nasirabad. These reservoirs will play a critical role in maintaining a steady and reliable distribution system. To ensure efficient water conveyance, the project includes the laying and commissioning of a 58.675-kilometre Mild Steel (MS) pipeline, forming a Rising Main from the WTP in Kekri to the IPS in Nasirabad. This transmission network has been designed for resilience and long-term performance. A major highlight of the project is the integration of advanced technology, including the installation of high-capacity pumping systems, associated electrical and mechanical equipment, instrumentation, and a centralized SCADA system at the Kekri pump house. These systems will facilitate automated, real-time monitoring and operational control for improved efficiency and reduced downtime. The project also addresses infrastructure development, which includes the demolition of outdated structures and the construction of new office buildings and J-2 residential quarters, enhancing both operational and administrative capabilities on-site. To ensure sustained performance, the entire scheme will be backed by a comprehensive 10-year Operation and Maintenance (O&M) contract, guaranteeing long-term reliability and optimized functionality. Subhash Sethi, Chairman of SPML Infra, commented: "We are honoured to be selected for this prestigious project under the Jal Jeevan Mission. This new project represents not just a business milestone for SPML Infra, but also our commitment to supporting the Government's vision of providing safe and clean drinking water to every household in India. The Kekri-Sarwar water supply project will significantly enhance water security for the people of Rajasthan and demonstrates our capability to execute complex water infrastructure projects with cutting-edge technology. This project exemplifies our integrated approach to water infrastructure development, combining advanced technology, efficient distribution systems, and long-term operational excellence. With the 10-year O&M contract, we are committed to ensuring the system's optimal performance throughout its operational life. SPML Infra is engaged in the business of infrastructure development, which inter alia includes water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructure. The company reported consolidated net profit of Rs 12.01 crore in Q4 FY25 as against net loss of Rs 8.87 crore posted in Q4 FY24. Net sales tanked 59% year on year to Rs 189.03 crore in Q4 FY25.
Business Standard
08-07-2025
- Business
- Business Standard
SPML Infra secures Rs 205-crore credit from PSU Bank
SPML Infra said that it has secured enhanced credit facilities worth Rs 205 crore from a major Indian public sector undertaking (PSU) bank. The sanction, primarily in the form of non-fund-based instruments such as Bank Guarantees (BGs), underscores the companys financial credibility and operational resilience. The facility is expected to significantly boost SPML Infras execution capabilities across water, power, and civil infrastructure segments. It will support the issuance of performance guarantees, bid securities, and advance payment guaranteesessential tools for the smooth and timely execution of engineering, procurement, and construction (epc) contracts. The enhanced financial support positions the company to pursue larger-scale projects and further strengthen stakeholder confidence... Subhash Sethi, Chairman of SPML Infra, commented: The availability of this facility will not only strengthen our operational capabilities but also enable us to participate in large-value projects across sectors. Through this enhanced financial support, SPML Infra will expand its project portfolio while further reinforcing the trust and confidence of our clients, suppliers, partners, and stakeholders. We extend our sincere gratitude to Bank for their unwavering trust and continued support in our long-term growth journey. SPML Infra is engaged in the business of infrastructure development, which inter alia includes water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructure. The company reported consolidated net profit of Rs 12.01 crore in Q4 FY25 as against net loss of Rs 8.87 crore posted in Q4 FY24. Net sales tanked 59% year on year to Rs 189.03 crore in Q4 FY25. Shares of SPML shed 0.32% to settle at Rs 236.05 on the BSE.
Business Standard
02-06-2025
- Business
- Business Standard
SPML Infra jumps after winning Rs 258 crore project from CMWSSB
SPML Infra soared 6.12% at Rs 195.75 after the company has secured a significant new project worth Rs 258 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The project was awarded to the consortium of SPML Infra (26%) and JWIL Infra (74%), which successfully emerged as the lowest bidder and received the letter of acceptance (LoA). The comprehensive project involves several critical components aimed at strengthening water infrastructure in the region. One of the central features is the construction, testing, and commissioning of a new reservoir in Porur, envisioned to play a vital role as a key water storage facility. To ensure efficient and reliable water transfer and distribution, the project also includes the development of strategically located pumping stations. A range of ancillary works will be undertaken to establish the supporting infrastructure necessary for the seamless operation of the reservoir and pumping stations. These works will primarily focus on the regions of Perur and Porur, townships in Chennai, it added. A key highlight of the project is its long-term operation and maintenance (O&M) component. The consortium has been entrusted with the responsibility of maintaining and ensuring the efficient functioning of the entire infrastructure for a period of 20 years. This commitment aims to guarantee sustained service delivery and enhance the longevity of the assets over the long term. Subhash Sethi, Chairman, SPML Infra, said: "We are delighted to have been entrusted with this critical project by the Chennai Metropolitan Water Supply and Sewerage Board. This order reinforces SPML Infras leadership and technical expertise in developing sustainable water infrastructure across the country. With urban centres like Chennai experiencing rapid growth and rising demand for reliable water supply, we are committed to delivering high-quality engineering solutions that ensure efficient water management and long-term service delivery. Our continued focus on innovation, project execution, and operational excellence will help meet the expectations of our esteemed client." SPML Infra is engaged in the business of infrastructure development, which inter alia includes water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructure. The company reported consolidated net profit of Rs 12.01 crore in Q4 FY25 as against net loss of Rs 8.87 crore posted in Q4 FY24. Net sales tanked 59% year on year to Rs 189.03 crore in Q4 FY25.
