SPML Infra Limited (NSE: SPMLINFRA, BSE: 500402), a leading water infrastructure company in India, has been awarded a significant contract worth ₹385.00 crore for a water infrastructure project in Rajasthan. The project, part of the Government of India's flagship Jal Jeevan Mission, aims to improve water supply infrastructure in the region.

Project Details

The contract, known as the Water Production & Supply System for Kekri-Sarwar Sector Package-III, is located in Ajmer, Rajasthan. It includes a comprehensive 10-year Operation and Maintenance (O&M) contract, ensuring long-term sustainability of the project.

Key Components of the Project

1. Water Treatment Plant: A state-of-the-art 160 MLD Water Treatment Plant (WTP) at the Kekri location.
2. Storage Facilities: Two Clear Water Reservoirs with a combined capacity of 37.75 MLD.
3. Transmission Network: 58.68 kilometers of MS Pipeline as Rising Main from WTP Kekri to IPS Nasirabad.
4. Advanced Technology: Installation of pumping systems, electrical and mechanical equipment, instrumentation, and SCADA systems.
5. Infrastructure Development: Construction of new office buildings and quarters.

Impact and Significance

The Kekri Water Supply Scheme, implemented under the Jal Jeevan Mission, will upgrade and strengthen the water supply infrastructure for the Kekri-Sarwar region. It will enhance water production and distribution capabilities in the Ajmer district, drawing water from the Bisalpur Dam.

Mr. Subhash Sethi, Chairman of SPML Infra Limited, commented on the project: "We are honoured to be selected for this prestigious project under the Jal Jeevan Mission. This new project represents not just a business milestone for SPML Infra, but also our commitment to supporting the Government's vision of providing safe and clean drinking water to every household in India."

About SPML Infra

SPML Infra Limited is a well-established infrastructure development company with over four decades of experience in various sectors, including water, power, environment, and technology. The company has executed more than 700 projects across India, contributing to critical infrastructure development.

As a leader in water management, SPML Infra has played a crucial role in providing clean drinking water to over 50 million people in urban and rural areas. The company is ranked 14th among the World's Top 50 Private Water Companies, according to a survey by Global Water Intelligence (GWI), London.

This latest contract further solidifies SPML Infra's position in the water infrastructure sector and demonstrates its commitment to supporting India's development goals.

SPML Infra Limited , a leading infrastructure development company, has announced a significant financial development that is set to strengthen its operational capabilities.

Credit Facility Details

The company has successfully secured a credit facility amounting to ₹205.00 crore. This infusion of funds is expected to play a crucial role in enhancing SPML Infra's project execution capabilities, potentially leading to improved operational efficiency and project delivery.

Implications for Project Execution

With this new financial resource at its disposal, SPML Infra is likely to be better positioned to:

• Take on new infrastructure projects
• Accelerate the progress of ongoing projects
• Invest in necessary equipment and resources
• Manage working capital more effectively

Company Outlook

The securing of this substantial credit facility suggests a positive outlook for SPML Infra's near-term operations. It demonstrates the company's ability to access significant financial resources, which is often crucial in the capital-intensive infrastructure sector.

While the specific terms of the credit facility and its immediate allocation have not been disclosed, this development is generally viewed as a positive indicator for the company's financial health and operational capacity.

Stakeholders and market observers will likely be watching closely to see how SPML Infra leverages this new credit facility to drive growth and improve its market position in the infrastructure development sector.