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SPML Infra zooms on bagging various orders worth Rs 642 crore

21 Jun 2017

SPML Infra is currently trading at Rs. 128.70, up by 5.20 points or 4.21% from its previous closing of Rs. 123.50 on the BSE.

The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 131.60 and Rs. 124.50 respectively. So far 41068 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.60 on 16-Jun-2017 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. 131.60 and Rs. 123.25 respectively. The current market cap of the company is Rs. 467.66 crore.

The promoters holding in the company stood at 59.65%, while Institutions and Non-Institutions held 0.04% and 40.32% respectively.

SPML Infra has bagged various orders worth aggregating Rs 642 crore for Water Supply and Irrigation Projects in Gujarat, Madhya Pradesh and Jharkhand and Power Infra Development in West Bengal.

The company has received contract of Rs 500.14 crore from UND Irrigation Division, Jamnagar, Gujarat for Water Irrigation Project, SAUNI Yojana, the company has also won order worth Rs 53.58 crore from Jharkhand Urban Infrastructure Development Corporation for Augmentation and Strengthening of Giridih Water Supply Scheme.

Moreover, the company has awarded work worth Rs 45.64 crore from Narmada, Water Resources, Water Supply & Kalpsar Department, Gujarat for Lift Irrigation Pipeline Project and also bagged Rs 13.50 crore order from Narmada Valley Development Authority, Madhya Pradesh for Construction of Right Bank Piped Canal of Upper Beda Dam. Further, the company has won 28.80 crore order from West Bengal State Electricity Transmission Company Limited for Construction of 132/33 kV GIS Substation at Burdwan.

Related SPML Infra Ltd. Links:

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