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SPML Infra trades jubilantly on bagging new orders worth Rs 334 crore from KUIDFC

08 Jan 2015 Evaluate

SPML Infra is currently trading at Rs. 94.00, up by 9.40 points or 11.11% from its previous closing of Rs. 84.60 on the BSE.

The scrip opened at Rs. 85.00 and has touched a high and low of Rs. 99.00 and Rs. 84.00 respectively. So far 60413 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 120.00 on 11-Dec-2014 and a 52 week low of Rs. 24.45 on 13-Feb-2014.

Last one week high and low of the scrip stood at Rs. 99.00 and Rs. 82.70 respectively. The current market cap of the company is Rs. 325.82 crore.

The promoters holding in the company stood at 59.53% while Institutions and Non-Institutions held 0.04% and 40.44% respectively.

SPML Infra has also won new orders worth Rs 334 crore from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) for 24X7 Water Supply System for three cities, Bellary, Hospet and Raichur with a combined population of 8.5 lakh. These projects are part of Asian Development Bank (ADB) funded projects to improve urban services in towns and cities in Karnataka. These new water supply projects would help in improving the quality of life in underdeveloped areas with uninterrupted clean drinking water supply.

SPML has received these performance-based management contracts to design and construct the infrastructure of the distribution networks, providemetered connections and operate and maintain the facilities for 5 years after completion. The three orders received are - Bellary for Rs 136.41 crore; Raichur for Rs 117.95 crore and Hospet for Rs 79.5 crore.

The scope of work for Bellary involves 281 Kms of new distribution network, and 69,159 numbers of House Service Connections. Raichur scope of work includes 528 Kms of new distribution network, 2 Raw Water Pumping Stations and 37,117 numbers of House Service Connections. The Hospet scope of work involves 204 Kms of new distribution network, rehabilitation of two water treatment plants of 18.16 and 4.54 MLD and 42,705 numbers of House Service Connections with 5 years of Operations & maintenance.

With earlier orders of 3 other cities Sindhanur, Gadag-Betageri and Haveri, SPML Infra will be executing drinking water supply project in 6 cities of Karnataka with a combined population of more than 12 lakh.

 

SPML Infra Share Price

214.80 3.60 (1.70%)
20-Apr-2026 16:59 View Price Chart
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