Order News: As of 11:15 AM on Friday, SPML shares were trading at ₹280.60, up 2.49%. The company's shares have seen a total gain of 29.65% in the past month.
SPML Infra Limited, a company working in the infrastructure and water management sector, informed the stock market on Friday that it has secured a significant order under the Jal Jeevan Mission scheme of the Rajasthan government. Following this news, the company's shares saw a slight increase, having already shown a gain of approximately 30 percent in the last month.
Contract for Kekri-Sarwar Project Awarded
The company has been awarded a ₹385 crore contract for the construction of water supply infrastructure under Package-III of the Kekri-Sarwar sector in Ajmer district. This project falls under the Government of India's flagship Jal Jeevan Mission.
According to SPML Infra, this contract also includes a 10-year operation and maintenance (O&M) agreement, making it a long-term revenue-generating project.
Main Works of the Project
This water management project will develop several modern infrastructure facilities, including:
- Establishment of a Water Treatment Plant: A treatment plant with a capacity of 160 MLD (million liters per day) will be constructed in Kekri.
- Storage Structures: Two clear water reservoirs with a total capacity of 37.75 MLD will be built.
- Water Supply Network: A transmission pipeline network of approximately 58.675 kilometers will be laid, including testing and commissioning within this contract.
- Technical Systems: The project will also include advanced electrical and mechanical systems, instrumentation, and a SCADA system, enabling real-time monitoring.
- Building Construction: Old offices and staff quarters will be demolished, and new buildings and J-2 residential quarters will be constructed.
- Long-term Operation: The 10-year maintenance contract guarantees the sustainable operation of the project.
Statement from Chairman Subhash Sethi
Subhash Sethi, Chairman of SPML Infra, said,
This project is a significant step towards ensuring clean and sustainable water supply for the citizens of Rajasthan. This order is a testament to our engineering capabilities and technical expertise. We are capable of completing complex water projects on time and with quality.
Banking Support Also Received
Earlier this week, SPML Infra also secured an increased credit facility of ₹205 crore, which will facilitate project implementation and cash flow. This credit limit has been granted for various EPC (Engineering, Procurement, and Construction) projects, including those of the company's subsidiaries.
Share Movement Attracts Investors' Attention
As of 11:15 AM on Friday, SPML Infra shares were trading on the BSE at ₹280.60, up 2.49 percent. The company's shares have seen a gain of 29.65 percent in the last month. In mid-June, the share was trading around ₹215, which is now up by approximately ₹65 per share.
Share Performance in One Year
Looking at the past year, SPML Infra's share has doubled from a level of ₹140 to nearly ₹280. This has been a surprising surge for investors, especially as the company continues to secure contracts for government and semi-government projects.
Growing Opportunities under Jal Jeevan Mission
Under the Jal Jeevan Mission scheme, water management projects worth thousands of crores of rupees are being implemented across the country. These projects include works like drinking water supply, pipeline networks, water treatment, and maintenance services. Companies like SPML Infra are continuously getting major opportunities from this.
