SPML Infra rises on bagging new orders worth around Rs 250 crore

08 Mar 2017

SPML Infra is currently trading at Rs. 59.85, up by 0.80 points or 1.35% from its previous closing of Rs. 59.15 on the BSE.

The scrip opened at Rs. 64.40 and has touched a high and low of Rs. 64.40 and Rs. 59.50 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 108.80 on 13-Jul-2016 and a 52 week low of Rs. 48.70 on 01-Feb-2017.

Last one week high and low of the scrip stood at Rs. 64.40 and Rs. 58.05 respectively. The current market cap of the company is Rs. 219.54 crore.

The promoters holding in the company stood at 59.69%, while Institutions and Non-Institutions held 0.04% and 40.27% respectively.

SPML Infra has bagged new orders worth around Rs 250 crore for Power Transmission & Distribution projects in West Bengal and Haryana. The first order worth Rs 106.92 crore has been bagged from West Bengal State Electricity Distribution Company for Rural Electricity Infrastructure Development in Murshidabad.

The company has bagged second order worth Rs 89.40 crore from Power Grid Corporation of India for Extension of 400/220 kV AIS Substation in Malda and other towns of West Bengal, while it has bagged third order worth Rs 48.88 crore from HVPNL for 220 kV GIS Substation in Faridabad.

SPML Infra is a single source solution provider for various multi disciplinary engineering and infrastructure services from conceptualization to maintenance in water, power, environment and infrastructure projects.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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