Synopsis:
SPML Infra Limited, a leading Indian infrastructure development company specializing in water, power, and environmental projects, has secured a landmark Rs. 1,438 Crore project under the Jal Jeevan Mission in Rajasthan.
This company has successfully executed over 700 projects, providing drinking water facilities, wastewater treatment, integrated sewerage networks, municipal waste management, power transmission and distribution, substations, rural electrification, and smart city solutions is now in focus after winning a project worth Rs. 1438 Jal Jeevan mission project.
With market capitalization of Rs. 2,080 cr, the shares of SPML Infra Limited are currently trading at Rs. 291 per share, making today’s high of Rs. 302 from its previous closing of Rs. 292.40 per share.
Project update
SPML Infra Limited is a leading Indian infrastructure development company, has secured a Rs. 1,438 Crore (inclusive of GST, USD 163 Million) project in joint venture with JWIL Infra Limited, with SPML holding a 51% stake. The project was awarded by the Public Health Engineering Department (PHED), Bharatpur, Rajasthan, under the Jal Jeevan Mission (JJM), and the agreement was executed on 6th September 2025. This initiative aims to provide safe and reliable drinking water to more than 1.5 million residents in the Dholpur and Saipau blocks.
The project scope includes the construction of intake wells, Raw Water Reservoirs of 10 and 12 million cubic meters on the Chambal River, and 712 km of pipelines ranging from 100 mm to 2000 mm in diameter. It also involves building 21 Elevated Service Reservoirs, main Raw Water Pumping Stations, a 135 MLD Water Treatment Plant at RWR-2, and a 5 MLD Water Treatment Plant at Dholpur.
Additionally, cluster pumping stations, distribution systems, rising mains, and functional household tap connections (FHTCs) will be installed. A comprehensive 10-year Operation & Maintenance (O&M) contract ensures long-term reliability and efficiency, with the EPC portion scheduled for completion in 20 months followed by a one-year defect liability period.
About the company
SPML Infra Limited is a distinguished infrastructure development company with over four decades of expertise across power, water, environment, and technology sectors. With a pan-India presence, SPML has successfully executed over 700 projects, creating critical infrastructure, including drinking water facilities, wastewater treatment, integrated sewerage networks, municipal waste management, power transmission & distribution, substations, rural electrification, and smart city solutions.
The company reported a year-on-year decline in financial performance, with sales dropping 25% to Rs. 156 crore in Q1FY26 to Rs. 207 crore in Q1FY25. EBIDT fell 37% to Rs. 7.2 crore, while net profit slightly declined by 6% to Rs. 12.1 crore. Earnings per share (EPS) also decreased 22% to Rs. 1.69, down from Rs. 2.18 in Q1FY25.
Written by Manideep Appana
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