SPML Infra is Sanctioned ₹205 Crore Credit Facility to Boost Project Execution Capabilities

SPML Infra Limited (NSE:SPMLINFRA, BSE:500402), SPML Infra Limited, India's leading infrastructure development company with decades of expertise in water, power and civil infrastructure development, is pleased to announce that it has received the sanction of enhanced credit facilities amounting to ₹205 crore. The credit facilities including the Bank Guarantee (BG) limit is sanctioned by one of the India's top Public Sector Undertaking (PSUs) Bank. This significant development is a testament to the financial robustness and credibility of SPML Infra business operations.

This non-fund-based facility will significantly enhance our ability to meet contractual obligations and support the efficient execution of infrastructure development and EPC (Engineering, Procurement, and Construction) projects. The sanctioned limit will specifically facilitate the issuance of performance guarantees, bid securities, and advance payment guarantees; critical instruments in ensuring timely and successful project delivery.

Mr. Subhash Sethi, Chairman of SPML Infra Limited 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."

Shares of SPML Infra Limited was last trading in BSE at Rs. 237.00 as compared to the previous close of Rs. 235.40. The total number of shares traded during the day was 63252 in over 1115 trades.

The stock hit an intraday high of Rs. 241.50 and intraday low of 231.90. The net turnover during the day was Rs. 14966034.00.

Source : Equity Bulls

Keywords

SPMLInfra CreditFacilities Enhancement