SPML Infra surges on inking agreement with PHED for 'Isarda water Supply Project'
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SPML Infra is currently trading at Rs. 62.20, up by 1.90 points or 3.15% from its previous closing of Rs. 60.30 on the BSE.
The scrip opened at Rs. 63.30 and has touched a high and low of Rs. 63.30 and Rs. 61.50 respectively. So far 12503 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.90 on 29-Mar-2022 and a 52 week low of Rs. 8.20 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 66.90 and Rs. 56.15 respectively. The current market cap of the company is Rs. 237.73 crore.
The promoters holding in the company stood at 29.88%, while Institutions and Non-Institutions held 3.15% and 66.97% respectively.
SPML Infra has signed the agreement with PHED (Public Health Engineering Department), Rajasthan for a large water supply 'Isarda water Supply Project' under Jal Jeevan Mission to provide clean drinking water to 25 lakh population in Dausa and Sawai Madhopur districts in Rajasthan.
The project valued at Rs 1157.80 crore ($151.60 million) is aimed to provide clean drinking water facilities to about 25,00,000 people residing in 1256 villages and 6 towns of Dausa and Sawai Madhopur districts in Rajasthan. The project will be completed within the stipulated 24 months period (3% incentive will be given for completing before timeline) and after the defect liability in a year period, SPML Infra will be responsible for managing the operation & maintenance of the project for next 10 years’ time.
SPML Infra is India’s leading infrastructure development company with focus on sustainable development for smart cities, promoting access to essential services to all (water, electricity, sanitation, and municipal solid waste management).
