SPML Infra shares opened sharply higher on December 8, gaining 8% in early trading. The rally comes after the company, in a joint venture with Shree Hari Infraprojects, secured a Rs 207.38 crore contract from the Public Health Engineering Department (PHED), Jhalawar, Rajasthan.
Market Performance
The SPML Infra share price showed strong momentum in the opening trade:
- Opening price: ₹202.50, up ₹15.35 (8.20%) on the BSE
- Previous close: ₹187.15, down 1.58%
- 52-week high/low: ₹321.70 / ₹137.00
- Current position: 41.82% below 52-week high, 36.61% above 52-week low
- Market capitalisation: ₹1,412.18 crore
The jump reflects investor optimism following the award of a significant infrastructure project under the Jal Jeevan Mission (JJM).
Main News: PHED Project Win
The order is part of the Nonera Water Supply Project, aimed at strengthening water supply infrastructure across Kota and Bundi regions in Rajasthan.
The project involves:
- Comprehensive construction and O&M work over 10 years.
- Development of water supply infrastructure to ensure safe and reliable drinking water
The scope of work includes:
- 3 intake wells and 3 water treatment plants with a combined capacity of 118 MLD
- 3 clear water reservoirs totalling 16.1 million litres
- 52.6 km of pipelines ranging from 600–1300 mm in diameter, integrated with PLC and SCADA systems
- Testing and commissioning of all components
This contract is expected to enhance SPML Infra’s footprint in Rajasthan’s water infrastructure segment and demonstrate the company’s ability to handle large-scale, long-term projects.
Company Details
SPML Infra is a leading infrastructure company specialising in water supply and allied projects across India. With ongoing projects under the Jal Jeevan Mission, the company focuses on:
- Upgrading water supply systems for urban and rural areas
- Integrated O&M solutions for sustainable water management
- State-of-the-art infrastructure, including pipelines, treatment plants, and reservoirs
The company has consistently executed projects that contribute to safe and reliable drinking water access in critical regions.
Summary
SPML Infra shares surged 8% on December 8 following a Rs 207.38 crore order from PHED, Jhalawar, Rajasthan. The project under the Jal Jeevan Mission involves construction, O&M, and advanced water treatment infrastructure across Kota and Bundi. With a 52-week trading range of ₹137–₹321.70 and a market cap of ₹1,412.18 crore, SPML Infra is strengthening its presence in India’s water infrastructure sector.
Easy & quick
Leave A Comment?