SPML Infra to execute orders worth Rs 1,400 crore this year

SPML Infra has an order backlog of Rs 6,200 crore as of June 2014 and is looking to execute orders worth Rs 1,400 crore this year. The company however requires nearly Rs 100 crore of working capital to execute current orders and is exploring fundraising plans to meet those requirements.

The company’s standalone debt currently stands at Rs 450 crore and most of which is on account of working capital.

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.