SPML Infra advances on bagging order worth Rs 1232 crore

SPML Infra is currently trading at Rs. 65.00, up by 3.00 points or 4.84% from its previous closing of Rs. 62.00 on the BSE.

The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 65.00 and Rs. 63.00 respectively. So far 1180 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 76.50 on 21-Jul-2014 and a 52 week low of Rs. 24.45 on 13-Feb-2014.

Last one week high and low of the scrip stood at Rs. 63.00 and Rs. 61.50 respectively. The current market cap of the company is Rs. 238.23 crore.

The promoters holding in the company stood at 59.53% while Institutions and Non-Institutions held 0.04% and 40.44% respectively.

SPML Infra has bagged orders worth Rs 1232.3 crore from Uttar Pradesh Jal Nigam, Agra and Sardar Sarovar Narmada Nigam, Gandhinagar. These two orders (5B and 5C) received from UP Jal Nigam worth Rs 1002.17 crore are for augmenting drinking water supply for Agra city with laying of 128 kilometers of water pipeline. The Rs 230.13 crore order from Sardar Sarovar Narmada Nigam, Gandhinagar is for infrastructure development for hydro generating units at Kutchh, Gujarat. SPML will execute this project in partnership with Om Metals Infraprojects.

The Agra water supply project is planned to transport sufficient volumes of around 150 cusecs of Ganga water to Agra from Palra Fall on the upper Ganga Canal to Mathura and 140 cusec onward to Agra to cater to the population of Agra with the planned reduction in water leakage and further savings in water wastage. SPML’s scope of work of contract 5B includes supply and construction of two parallel 2100 mm diameter mild steel conveyance main of 96 kilometers (48 km each side of twin pipeline) which will further extend to Mathura Water Treatment Plant under a different contract. The scope of work under contract 5C includes supply and construction of 2800 mm diameter mild steel conveyance main of 32 kilometers. This project is executed with foreign aid from Japan International Cooperation Agency (JICA). SPML will be executing this project with its JV partner, Megha Engineering Infrastructure.

The Gujarat order is for construction of three hydro power plants with combined capacity of 23 MW in Kutchh. The scope of work includes civil, electrical and mechanical construction with design, engineering, testing and commissioning of three small hydro power projects with 5 years of operations & maintenance.