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SPML Infra surges as its JV receives first smart infrastructure development project worth Rs 325 crore

09 Jul 2015 Evaluate

SPML Infra is currently trading at Rs 70.95, up by 7.95 points or 12.62% from its previous closing of Rs 63.00 on the BSE.

The scrip opened at Rs 65.00 and has touched a high and low of Rs 74.00 and Rs 65.00 respectively. So far 10315 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 54.75 on 16-Jun-2015.

Last one week high and low of the scrip stood at Rs 74.00 and Rs 58.50 respectively. The current market cap of the company is Rs 254.72 crore.

The promoters holding in the company stood at 59.69% while Institutions and Non-Institutions held 0.04% and 40.28% respectively.

SPML Infra in joint venture with Om Metal Infraprojects has received First Smart Infrastructure Development Project worth Rs 325 Crore from Vikram Udyogpuri, Ujjain in Madhya Pradesh. This is a part of Delhi-Mumbai Industrial Corridor (DMIC) Project being developed by Government of India as a global manufacturing and investment destination. The development of Vikram Udyogpuri has been selected as one of the early bird projects under the development plan of Pithampur-DharMhow Investment Region which is one of the 24 regions of DMIC. The proposed site of ‘Vikram Udyogpuri’ is located about 8km from Ujjain and 12km from Dewas and has a total area of 443.79 Ha (1096.63 acres).

Under this project scheme, SPML Infra will be developing smart infrastructures for 24X7 water supply with water treatment plant and pumping station, water supply conveyance from Shipra river to the site, complete sewerage network with sewage treatment and effluent treatment plants, storm water drainage system, solid waste management system, internal and external roads of 4 and 6 lanes, power transmission and distribution system, domestic gas distribution system, street lighting, CCTV and SCADA system, safety and security system, information and communication technology (ICT) network with peripheral boundary walls.

This is first of its kind of a mini smart city project which will have all smart utility connected with technology for seamless services. SPML Infra will execute this Design Build Operate (DBO) smart city project to be completed in 3 years’ time with operation & maintenance for 5 years post commissioning.

SPML Infra Share Price

211.20 14.75 (7.51%)
17-Apr-2026 16:59 View Price Chart
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