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SPML Infra moves up on its JV bagging order worth Rs 205 crore

19 Jan 2018

SPML Infra is currently trading at Rs. 144.20, up by 0.25 points or 0.17% from its previous closing of Rs. 143.95 on the BSE.

The scrip opened at Rs. 145.70 and has touched a high and low of Rs. 147.30 and Rs. 144.10 respectively. So far 17778 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.95 on 03-Nov-2017 and a 52 week low of Rs. 48.70 on 27-Jan-2017.

Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 143.00 respectively. The current market cap of the company is Rs. 531.43 crore.

The promoters holding in the company stood at 59.65%, while Institutions and Non-Institutions held 0.40% and 39.95% respectively.

SPML Infra with its joint venture partner OM Metals Infraprojects has secured an international order from Ministry of Food and Agriculture, Republic of Ghana for the work related to rehabilitation and completion of Kpong left bank irrigation project in Ghana, Africa for around Rs 205 crore.

The scope of work includes modification of existing supply canal, main canal, cross regulators and installation of new distribution structures. This World Bank funded project has a time line of 18 months to complete. The Letter of Intent (LoI) received by the JV last week and the projects will be executed within the given period.

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.

Related SPML Infra Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323