Synopsis:
SPML Infra Ltd secured an order worth Rs.385 Cr, to develop water infrastructure project in Rajasthan under the jal jeevan mission.
The shares of this water management company that provides water treatment, power transmission, waste management, and civil infrastructure are in focus after receiving a new work order worth Rs. 385 Cr.
With a market capitalization of Rs. 2,004 Cr, the shares of SPML Infra Ltd opened at Rs. 279.95 per equity share, from its previous day’s closing price of Rs. 274.5, and made an intraday high of Rs. 289.95 per equity share.
Order details
SPML Infra Limited has secured a Rs.385 crore contract for developing a comprehensive water infrastructure project in the Kekri-Sarwar region of Ajmer, Rajasthan, under the Government of India’s Jal Jeevan Mission.
The project involves building a state of the art 160 MLD Water Treatment Plant, constructing two reservoirs with a total capacity of 37.75 MLD, and laying a 58.675 km pipeline to ensure effective water transmission.
It also includes the installation of advanced pumping systems, SCADA-based smart monitoring, and building new office and staff facilities. A 10-year operation and maintenance agreement is part of the contract, ensuring long-term efficiency and performance of the entire water supply system.
This initiative aims to significantly improve the availability of safe drinking water in the region by drawing water from the Bisalpur Dam and distributing it through a robust infrastructure network.
As one of India’s top water infrastructure companies, SPML Infra has a proven track record, having completed over 700 projects across the country. The project not only highlights the company’s technical expertise and commitment to sustainability but also supports the national goal of providing clean drinking water to every household.
About the company
SPML is a well known infrastructure company in India with ISO certification and experience in handling over 650 projects across the country. The company specialised in areas like water treatment, power transmission, waste management, and civil construction. It has received several contracts from government departments in states like Delhi, Uttar Pradesh, Rajasthan, Bihar, Gujarat, Maharashtra, and Karnataka.
The company’s revenue dropped from Rs.1,319 crore in FY24 to Rs.771 crore in FY25, showing a decline in business. However, despite lower revenue, the company moved from a net loss of Rs.2 crore in FY24 to a net profit of Rs.48 crore in FY25,reflects its strong financial recovery and improved performance.
The company’s debt reduced from Rs.549 crore in FY24 to Rs.369 crore in FY25, which is one of the main reasons it became profitable as the interest cost reduces.
Written by Sudeep Kumbar
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