SPML Infra Secures Rs. 258 Crore Water Infrastructure Project from Chennai Metropolitan Water Supply

SPML Infra Limited (NSE:SPMLINFRA, BSE:500402), India's leading publicly listed infrastructure development company with a strong focus on the water and energy sectors, 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 Limited (26%) and JWIL Infra Limited (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 station. A range of ancillary works will be undertaken to establish the supporting infrastructure necessary for the seamless operation of the reservoir and pumping station. These works will primarily focus on the regions of Perur and Porur, townships in Chennai.

A key highlight of this project is the long-term Operation and Maintenance (O&M) component. The consortium will be responsible for the upkeep and efficient functioning of the entire infrastructure over a period of 20 years, ensuring sustained service delivery and asset longevity.

Commenting on this landmark development, Mr. Subhash Sethi, Chairman, SPML Infra Limited, 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 Infra's 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."

This project marks another milestone in SPML Infra's mission to contribute meaningfully to India's water security and urban infrastructure development.

Shares of SPML Infra Limited was last trading in BSE at Rs. 192.00 as compared to the previous close of Rs. 185.55. The total number of shares traded during the day was 50173 in over 1506 trades.

The stock hit an intraday high of Rs. 199.00 and intraday low of 179.75. The net turnover during the day was Rs. 9606314.00.

Source : Equity Bulls

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