SPML Infra has received the sanction of enhanced credit facilities amounting to Rs 205 crore. This non-fund-based facility will significantly enhance company’s ability to meet contractual obligations and support the efficient execution of infrastructure development and EPC (engineering, procurement, and construction) projects.
The sanctioned limit will specifically facilitate the issuance of performance guarantees, bid securities, and advance payment guarantees; critical instruments in ensuring timely and successful project delivery. The credit facilities including the Bank Guarantee (BG) limit is sanctioned by one of the India’s top Public Sector Undertaking (PSUs) Bank.
SPML Infra is India’s leading infrastructure development company with focus on sustainable development for smart cities, promoting access to essential services to all (water, electricity, sanitation, and municipal solid waste management).
