SPML Infra Share Price Gains 2% After Winning Rs 1,073 Crore Indore Water Supply Project

Market Performance

SPML Infra share price rose 2% in early trade on August 19 after the company secured a major contract worth Rs 1,073 crore.

• At 09:17 am, the stock was quoting at Rs 304.00, up Rs 6.10 (2.05%) on the BSE.
• In the last trading session, SPML Infra shares settled at Rs 297.90, marking a rise of 6.77%.
• The share has reached a 52-week high of Rs 321.70 (August 1, 2025) and a 52-week low of Rs 137.00 (March 18, 2025).
• Currently, the stock trades 5.5% below its 52-week high but is up 121.9% from its 52-week low.
• The company’s market capitalisation stands at Rs 2,179.36 crore.

Project Win Boosts Sentiment

SPML Infra announced that it has been awarded a Rs 1,073 crore project (including GST) by the Indore Municipal Corporation. The project comes under AMRUT 2.0 and aims to strengthen the city’s water supply infrastructure.

Key highlights of the project include:

• Construction of an intake system with 1,650 MLD capacity and a raw water pump house.
• Development of a 400 MLD Water Treatment Plant (WTP) with advanced technology to meet stringent water quality standards.
• Setup of Clear Water Booster Pumping Stations and associated transmission systems with 22 km of pipelines (diameters ranging from 1200 mm to 2337 mm).
• Establishment of an integrated 132/33 KV power substation for smooth water supply operations.
• The project also comes with a 10-year Operation & Maintenance (O&M) contract.
• The EPC portion is scheduled for completion within 30 months, including rainy seasons.

Company Financials

SPML Infra reported its Q1FY26 earnings recently.

• Revenue / Project Value: Rs 1,073 crore (new project win)
• Net Profit: Rs 12.15 crore in Q1FY26 vs Rs 13.05 crore in Q1FY25 (7% YoY decline)

Summary

SPML Infra share price gained 2% on August 19 after the company bagged a Rs 1,073 crore Indore water supply project. The contract includes large-scale infrastructure development with advanced water treatment facilities and long-term O&M services.

Despite reporting a 7% fall in Q1FY26 net profit, investor sentiment improved due to the scale and importance of the new project. The stock remains strong, trading well above its 52-week low and close to its yearly high.