SPML Infra advances on completing an important Irrigation Project in Gujarat

19 Apr 2017

SPML Infra is currently trading at Rs. 91.20, up by 1.80 points or 2.01% from its previous closing of Rs. 89.40 on the BSE.

The scrip opened at Rs. 91.80 and has touched a high and low of Rs. 91.80 and Rs. 89.60 respectively. So far 9,770 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 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 93.50 and Rs. 81.60 respectively. The current market cap of the company is Rs. 334.25 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 substantially completed an important Irrigation Project in Gujarat called Saurashtra Narmada Avtran Irrigation (SAUNI Yojana). The project envisage to divert one million acre feet (MAF) water of Narmada Dam to Saurashtra to distribute it to 115 Reservoirs through 1115 kilometer long network of giant pipelines to irrigate 1.8 million hectare of land, mainly in Saurashtra, Kutch and north Gujarat regions, benefiting millions of farmers. It will also supply irrigation water to 2.46 lakh hectares in drought-prone Barmer and Jalore districts in Rajasthan and some parts of Maharashtra apart from generating hydropower.

This project has also solved the drinking water scarcity of 132 towns and 11,456 villages in the Saurashtra, Kutch, North Gujarat, Panchmahal and Ahmedabad regions. About 1,650 MLD of potable water is supplied to 39 million people across these regions and along with good agriculture produce; it is boosting the economy of the state.

SPML Infra scope of work comprises construction of pumping stations with capacity of 13,475 M3/hr with 30 meters head; supply and laying of 20.47 kms Twin MS pipeline (total pipe laying 40.95 Kms) of 3000 mm diameter with 17.5 mm thickness with external 3LPE coating & internal food grade epoxy coating; 66Kv Switch Yard, SCADA system and allied works along with 10 years of O&M.


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