India’s leading infrastructure development company, SPML Infra Limited has received new project orders worth Rs218.18cr.
The two orders are for wastewater treatment projects in Uttar Pradesh and Haryana from esteemed clients, Uttar Pradesh Jal Nigam, Varanasi and Haryana State Industrial and Infrastructure Development Corporation Ltd., Bahadurgarh.
The two orders are as follows: Rs183.68cr order is for the planning, designing, engineering, procurement, construction, testing, and commissioning of 30MLD Sewage Treatment Plant (STP) and interception and diversion of drain in Jaunpur, Uttar Pradesh for pollution abatement of River Ganga under the National Mission for Clean Ganga (NMCG). The project has been received with JV partner, Pulkit Projects.
The Rs34.50cr order is for the planning, designing, engineering, procurement, construction, testing and commissioning of 10MLD Common Effluent Treatment Plant (CETP) and 30MLD Main Pumping Station based on tertiary treatment for the industrial area of Bahadurgarh.
Mr. Subhash Sethi, Chairman, SPML Infra Limited said, “We are happy to receive the order for wastewater treatment under the Namami Gange Scheme. Water and wastewater management are the most promising sector in the country and significant funds have been allocated by the government under several schemes.
Key initiatives such as ‘Jal Jeevan Mission’ for providing drinking water facility to every household and cleaning of the River Ganga have been taken up earnestly and are progressing well. We expect that large number of projects will continue to move forward under the flagship schemes under the guidance of the newly formed Ministry of Jal Shakti.
SPML Infra Ltd is currently trading at Rs11.70 up by Rs0.65 or 5.88% from its previous closing of Rs11.05 on the BSE.
The scrip opened at Rs11.25 and has touched a high and low of Rs12.15 and Rs11.25 respectively. So far 41,255 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs40.50cr.
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