SPML Infra has substantially completed an important Irrigation Project in Gujarat called Saurashtra Narmada Avtran Irrigation (SAUNI Yojana). Our Hon'ble Prime Minister, Shri Narendra Modi ji along with Shri Vijay Rupani, Hon'ble Chief minister of Gujarat inaugurated the completion of Phase-I of SAUNI project in Botad, Gujarat yesterday evening by formally releasing Narmada water in Krushna Sagar dam. While inaugurating, the Prime Minister said, 'Water is a 'prasad' from nature. We are working on the agriculture sector, invigorating it with new technology so that the income of farmers can be doubled by 2022. Work on this project happened with great effort, not via short cuts.'
The project envisage to divert one million acre feet (1 MAF) water of Narmada Dam to Saurashtra to distribute it to 115 Reservoirs through 1115 kilometer long network of giant pipelines to irrigate 1.8 million hectare of land, mainly in Saurashtra, Kutch and north Gujarat regions, benefiting millions of farmers. It will also supply irrigation water to 2.46 lakh hectares in drought-prone Barmer and Jalore districts in Rajasthan and some parts of Maharashtra apart from generating hydropower. This project has also solved the drinking water scarcity of 132 towns and 11,456 villages in the Saurashtra, Kutch, North Gujarat, Panchmahal and Ahmedabad regions. About 1,650 MLD of potable water is supplied to 39 million people across these regions and along with good agriculture produce; it is boosting the economy of the state.
SPML Infra scope of work comprises construction of pumping stations with capacity of 13,475 M3/hr with 30 meters head; supply and laying of 20.47 kms Twin MS pipeline (total pipe laying 40.95 Kms) of 3000 mm diameter with 17.5 mm thickness with external 3LPE coating & internal food grade epoxy coating; 66Kv Switch Yard, SCADA system and allied works along with 10 years of O&M.
Mr. Subhash Sethi, Chairman, SPML Infra, commented, "We are delighted and feeling proud that SPML Infra have been a trusted partner in this futuristic mega irrigation project. It is one of the largest engineering interventions that have helped Government of Gujarat to provide irrigation and drinking water facilities to millions of people across Saurashtra-Kutch region. The adequate supply of water for irrigation has enriched the crop yield making farmers happy and attracting investment for setting up industries in the region. The drinking water supply has improved the quality of life of millions of people across the region. Our expertise in water sector is well recognized and with strong execution capabilities, we are sure that we will continue delivering such projects as per the requirement of our clients. We thank Gujarat Government and all other stakeholders associated with the project for timely and successful completion".
Shares of SPML Infra Limited was last trading in BSE at Rs.88.5 as compared to the previous close of Rs. 88.7. The total number of shares traded during the day was 133313 in over 653 trades.
The stock hit an intraday high of Rs. 93.5 and intraday low of 88.5. The net turnover during the day was Rs. 12122006.