SPML Infra Announces Q1FY27 Investor Presentation on Water and BESS Strategy
SPML Infra Limited has announced its Q1FY27 investor presentation for 20 April 2026, showcasing the company's strategic positioning in water infrastructure and expansion into Battery Energy Storage Systems. The company secured an exclusive 10-year partnership with Energy Vault and plans 5 GWh BESS manufacturing capacity by FY28 with Rs. 175 crore investment. Recent achievements include Rs. 4,324 crore new orders and strong Q3 FY26 performance with 11.40% EBITDA margins.

*this image is generated using AI for illustrative purposes only.
SPML Infra Limited has announced its investor presentation for Q1FY27 scheduled on 20 April 2026, pursuant to Regulation 30(6) of SEBI Listing Regulations. The presentation highlights the company's strategic positioning in India's water infrastructure sector and its expansion into Battery Energy Storage Systems (BESS) integration.
Strategic Focus on Energy Storage Integration
SPML Infra identifies India's renewable grid as entering its next growth phase, where energy storage becomes critical for reliability, flexibility, and round-the-clock power delivery. The company highlights the government's substantial pipeline of 20+ GWh storage projects and renewable-plus-BESS tenders as indicators of a decade-long scale-up opportunity.
| Strategic Focus Areas: | Details |
|---|---|
| Pack Assembly: | Battery pack integration services |
| System Assembly: | Complete system integration |
| EPC + O&M: | Engineering, procurement, construction, and operations |
| Control Software: | Grid management and control systems |
| Value Proposition: | High-margin, scalable solutions |
Exclusive Partnership with Energy Vault
The company has secured an exclusive 10-year agreement with Energy Vault, a Swiss-headquartered, NYSE-listed global leader in energy storage. This partnership provides access to B-VAULT modular, grid-scale BESS technology and VaultOS integrated energy management platform.
| Partnership Benefits: | Details |
|---|---|
| Technology Access: | B-VAULT and VaultOS platforms |
| Manufacturing Support: | End-to-end technical support and training |
| Quality Assurance: | World-class reliability in BESS systems |
| Flexibility: | Multiple battery and inverter supplier integration |
Manufacturing Facility and Capacity Expansion
SPML Infra has secured 99,000 sq. m. of industrial land at Supa-Parner MIDC, Maharashtra for its BESS manufacturing facility. The phased development plan includes Phase 1 delivering 2.50 GWh capacity by Q1 FY27, scaling to 5.00 GWh by FY28 with total planned investment of Rs. 175.00 crore.
| Capacity Development: | Timeline | Target |
|---|---|---|
| Phase 1: | Q1 FY27 | 2.50 GWh |
| Full Capacity: | FY28 | 5.00 GWh |
| Revenue Potential: | Annual | Rs. 4,000-5,000 crore |
| 10-Year Target: | 2026-2036 | 30-40+ GWh |
Recent Order Wins and Financial Performance
The company has secured new orders worth Rs. 4,324.00 crore across water infrastructure projects, including a Rs. 1,128.00 crore BESS implementation project at NTPC Thermal Power Stations. For Q3 FY26, SPML Infra reported revenue of Rs. 231.10 crore with EBITDA margins of 11.40% and PAT margins of 8.90%.
| Q3 FY26 Performance: | Amount (Rs. Crore) |
|---|---|
| Revenue: | 231.10 |
| EBITDA: | 26.30 |
| PAT: | 20.50 |
| EBITDA Margin: | 11.40% |
| PAT Margin: | 8.90% |
Market Opportunity and Strategic Positioning
India's BESS market is projected to reach 236.00 GWh by 2031-32 with an estimated cumulative market size of USD 57.00 billion, expanding to 1,840.00 GWh by 2047 worth USD 443.40 billion. SPML Infra positions itself as a complete BESS solutions provider offering design, installation, commissioning, and long-term operations and maintenance services.
The company's strategy focuses on capital-efficient assembly and integration rather than cell manufacturing, leveraging its 40+ years of EPC expertise and existing grid project experience to capture high-margin opportunities in India's evolving energy storage landscape.
Source: None/Company/INE937A01023/97fb45dfb19b4202.pdf
Historical Stock Returns for SPML Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.61% | +14.93% | +26.01% | -5.40% | +0.53% | +2,153.40% |
How will SPML Infra compete against established battery manufacturers and international players entering India's rapidly growing BESS market?
What impact could potential changes in government renewable energy policies or subsidy structures have on SPML's 10-year growth projections?
Will SPML Infra consider expanding its Energy Vault partnership to other geographies or seek additional technology partnerships to diversify its BESS offerings?


































