SPML Infra soars on securing aggregate orders worth Rs 418.00 crore

24 Sep 2012

SPML Infra is currently trading at Rs. 73.90, up by 11.10 points or 17.68% from its previous closing of Rs. 62.80 on the BSE.

The scrip opened at Rs. 62.80 and has touched a high and low of Rs. 75.35 and Rs. 62.80 respectively. So far 15,928 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 135.60 on 27-Sep-2011 and a 52 week low of Rs. 56.60 on 12-Sep-2012.

Last one week high and low of the scrip stood at Rs. 75.35 and Rs. 57.00 respectively. The current market cap of the company is Rs. 270.00 crore.

The promoters holding in the company stood at 58.55% while Institutions and Non-Institutions held 8.71% and 32.74% respectively.

SPML Infra has received two letters of intents, from Public Health Engineering Department, Government of Rajasthan, bearing nos. CE/PHE/JU/AR-PFBS/12-13/9248-9266 (Package 2A) and CE/PHE/JU/AR-PFBS/12-13/9267-9285 (Package 2B), both dated September 14, 2012, for values of Rs 230.98 crore and Rs 187.01 crore respectively, for the work of Infrastructure development for water supply to Pokharan -Balotra- Siwana cities in Rajasthan.

The scope of these projects include providing, laying, jointing, testing and commissioning of clear water gravity trunk main, transmission mains, head works including pressure control system with supervisory control & data acquisition (SCADA) and allied works and also Operation & Maintenance for a period of 10 years.

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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