SPML Infra inches up on bagging order worth Rs 546.96 crore from BWSSB

02 Mar 2020 Evaluate

SPML Infra is currently trading at Rs. 8.99, up by 0.01 points or 0.11% from its previous closing of Rs. 8.98 on the BSE.

The scrip opened at Rs. 8.79 and has touched a high and low of Rs. 9.25 and Rs. 8.70 respectively. So far 10003 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 37.05 on 18-Mar-2019 and a 52 week low of Rs. 6.32 on 18-Oct-2019.

Last one week high and low of the scrip stood at Rs. 9.50 and Rs. 8.41 respectively. The current market cap of the company is Rs. 32.66 crore.

The promoters holding in the company stood at 38.33%, while Institutions and Non-Institutions held 14.20% and 47.47% respectively.

SPML Infra has received large bulk water supply project order worth Rs 546.96 crore ($77 million) from the Bangalore Water Supply and Sewerage Board (BWSSB). The work order includes supplying, fabrication, laying and jointing of 25.5 kilometers MS pipeline of 3000 mm diameters (with 30 mm external guniting and internal epoxy lining of 500 micron) for clear water transmission mains from Harohalli to Vajarahalli along with laying of uPVC conduit for fibre optic cable throughout the length of the MS pipeline on either side of the pipe and associated works.

The project under the Cauvery Water Supply Scheme, Stage V has intent to supply an additional 775 MLD of water to Bengaluru city. The project is envisaged to be completed in 30 months 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.

SPML Infra Share Price

129.80 -5.50 (-4.07%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
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NCC 232.40
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