SPML Infra Share Price Gains Over 4% After Winning ₹1,073 Crore Water Infrastructure Project

Indian equity markets opened slightly higher on Tuesday, supported by gains in Reliance Industries and positive sentiment around potential reductions in the domestic goods and services tax (GST). At 9:22 a.m. IST, the Nifty 50 rose 0.18% to 24,922.64 points, while the BSE Sensex climbed 0.23% to 81,472.

Meanwhile, in the early trading session share price of SPML Infra surged over 4% after winning a water supply system project from Indore Municipal Corporation. Details are as follows:

Indore Water Supply Upgrade

SPML Infra Limited, a prominent Indian water infrastructure development company, has been awarded a significant project valued at ₹1,073 Crore (including GST) by the Indore Municipal Corporation. This prestigious contract is for the augmentation of the water supply system in Indore under the AMRUT 2.0 initiative, a government of India program aimed at achieving "water security" and self-reliance in Indian cities. The project also includes a comprehensive 10-year Operation & Maintenance (O&M) contract.

Project Scope and Significance This landmark project is designed to substantially reinforce Indore's water supply infrastructure, ensuring reliable access to safe drinking water for its more than 2 million residents. 

The scope of work for the project is extensive and includes:

• Intake & Raw Water Pumping: Construction of a state-of-the-art Intake with a capacity of 1,650 MLD (Million Liters per Day) and a Raw Water Pump House.
• Water Treatment Plant (WTP): Development of a modern 400 MLD Water Treatment Plant, which will incorporate advanced technology to meet stringent water quality standards.
• Pumping & Transmission: Establishment of Clear Water Booster Pumping Stations, pumping mains, and associated transmission systems, featuring 22 kilometers of pipeline ranging from 1200 mm to 2337 mm in diameter.
• Electric Substation: Integration of a 132/33 kV power substation to support the overall water supply operations.
• Long-Term Operations: A comprehensive 10-year O&M contract, complete with structured escalation provisions, to ensure optimal system performance.

The Engineering, Procurement, and Construction (EPC) phase of the project is slated for completion within 30 months from the signing of the contract, a timeline that accounts for rainy seasons.

As of Mar 31,2025, the order book stands at approximately ₹3,000 crore; L1 orders at ₹2,571 crore (expected conversion in Q1-Q2 FY26). Bidding pipeline exceeds ₹9,000 crore.

SPML Infra Share Price

On Tuesday, SPML Infra share price jumped over 4% to an intraday high of ₹309.90. As of 10:18 am IST, the stock was trading at ₹297.10, down by 0.29%.

Disclaimer: The article is for informational purposes only and not investment advice.