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SPML Infra Ltd. receives new project orders worth Rs. 218 Crore

Posted On: 2019-12-09 11:44:40

India's leading infrastructure development company, SPML Infra Limited has received new project orders worth Rs. 218.18 Crores. The two orders are for wastewater treatment projects in Uttar Pradesh and Haryana from esteemed clients, Uttar Pradesh Jal Nigam, Varanasi and Haryana State Industrial and Infrastructure Development Corporation Ltd., Bahadurgarh.

The two orders are as follows:

- Rs. 183.68 Crore Order is for the planning, designing, engineering, procurement, construction, testing and commissioning of 30 MLD Sewage Treatment Plant (STP) and interception and diversion of drain in Jaunpur, Uttar Pradesh for pollution abatement of River Ganga under the National Mission for Clean Ganga (NMCG). The project has been received with JV partner, Pulkit Projects.

- Rs. 34.50 Crore Order is for the planning, designing, engineering, procurement, construction, testing and commissioning of 10 MLD Common Effluent Treatment Plant (CETP) and 30 MLD Main Pumping Station based on tertiary treatment for the industrial area of Bahadurgarh.

Mr. Subhash Sethi, Chairman, SPML Infra Limited said, "We are happy to receive the order for wastewater treatment under the Namami Gange Scheme. Water and wastewater management are the most promising sector in the country and significant funds have been allocated by the government under several schemes. Key initiatives such as 'Jal Jeevan Mission' for providing drinking water facility to every household and cleaning of the River Ganga have been taken up earnestly and are progressing well. We expect that large number of projects will continue to move forward under the flagship schemes under the guidance of the newly formed Ministry of Jal Shakti.

SPML Infra Limited has been promoting sustainable solutions for water and wastewater management for a long time and our expertise in water supply as well as strong credentials in wastewater treatment has given us a clear edge over others to execute and deliver complex and large projects. The number of wastewater projects executed by us confirms the added-value solutions and expertise that the company possesses. We will continue to focus on these segments for newer opportunities and diligently pursuing our growth plans on sustainable basis."

Shares of SPML Infra Limited was last trading in BSE at Rs.11.05 as compared to the previous close of Rs. 11.4. The total number of shares traded during the day was 2694 in over 42 trades.

The stock hit an intraday high of Rs. 11.9 and intraday low of 11.05. The net turnover during the day was Rs. 30381.

Source: Equity Bulls

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