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SPML Infra is currently trading at upper limit of Rs. 175.65, up by 8.35 points or 4.99% from its previous closing of Rs. 167.30 on the BSE.

The scrip opened at Rs. 170.65 and has touched a high and low of Rs. 175.65 and Rs. 170.10 respectively. So far 17053 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 306.00 on 25-Sep-2024 and a 52 week low of Rs. 92.65 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 175.65 and Rs. 142.00 respectively. The current market cap of the company is Rs. 1248.00 crore.

The promoters holding in the company stood at 34.80%, while Institutions and Non-Institutions held 15.69% and 49.50% respectively.

SPML Infra has signed the agreement with the Water Resource Department, Hazaribagh, for a major irrigation project under the Konar Irrigation Project on a turnkey basis. The project has been awarded to SPML Infra in partnership with Vijay Kumar Mishra Construction. The order valued at Rs 617.98 crore (approximately $70.90 million), aims to enhance irrigation infrastructure across 12,599.43 hectares of agricultural land in Bisnugarh block (Hazaribagh), Nawadih block (Bokaro), and Dumri block (Giridih) in Jharkhand. 

The scope of work includes the reconstruction, repair, and structural strengthening of the main canal, right branch canal, and their associated distributaries, sub-distributaries, and minor canals through open channels. The project also involves the construction of an approach channel, canal lining, a solar-powered pump house cum sump, and a pressure pipe water conveyance system. The pipeline network, comprising MS, DI, and HDPE pipes of up to 1200 mm in diameter, will be equipped with an advanced pipe distribution network (PDN) and control mechanisms. Civil works such as boundary walls, approach roads, and service roads are also part of the development plan. The project includes a 10-year post-construction phase for Operation, Maintenance, and Management (O&M), ensuring long-term sustainability and efficiency. 

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).