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Latest news about SPML Infra

SPML Infra Limited Allots 6.70 Lakh Equity Shares to Promoter Group Entity at ₹215 Per Share 4 days ago

SPML Infra Limited has allotted 6,70,000 equity shares at ₹215.00 per share to promoter group entity Niral Enterprises Private Limited through warrant exercise. The Board approved this preferential allotment on January 21, 2026, generating total proceeds of ₹144.05 crores. The transaction was completed in compliance with SEBI regulations and increases the company's paid-up share capital by ₹13.40 lakhs.

Vijay Kedia Acquires ₹25 Crore Stake in SPML Infra Through Bulk Deal 9 days ago

SPML Infra Limited Appoints Go India Advisors as Investor Relations Agency Jan 14, 2026

SPML Infra secures ₹159 crore surety bond limit and ₹21.61 crore arbitration award Jan 03, 2026

SPML Infra Wins Arbitration Award Worth ₹21.61 Crores Jan 03, 2026

More news about SPML Infra

03Jan 26

SPML Infra Secures Surety Bond Limit of ₹159 Crores

SPML Infra has obtained a surety bond limit of ₹159 crores, enhancing its financial capabilities and operational flexibility. This development strengthens the company's position in the infrastructure sector and provides additional financial backing for project execution and contractual obligations.

03Jan 26

SPML Infra Limited Secures ₹21.61 Crore Arbitration Award from CMWSSB

SPML Infra Limited announced receipt of a favorable arbitration award worth ₹21.61 crores from Chennai Metropolitan Water Supply and Sewerage Board on December 31, 2025. The company disclosed this material development under SEBI Regulation 30, with the award being subject to terms and conditions specified in the award document.

31Dec 25

SPML Infra Allocates 11.44 Lakh Shares to NARCL at ₹276 Each in Loan Conversion Deal

SPML Infra has allocated 11.44 lakh shares to NARCL at ₹276.00 per share through a loan conversion arrangement, representing approximately ₹31.58 crores in total value. This transaction reflects the company's debt restructuring efforts and NARCL's role in asset resolution within India's financial sector.

06Dec 25

SPML Infra Secures Rs. 207.38 Crore Water Infrastructure Project in Rajasthan

SPML Infra Limited, in a joint venture with Shree Hari Infraprojects Private Limited, has won a Rs. 207.38 crore contract from the Public Health Engineering Department of Jhalawar, Rajasthan. The project, part of the Jal Jeevan Mission, involves constructing and operating water supply infrastructure in the Kota-Bundi region. It includes building intake wells, water treatment plants, reservoirs, and pipelines, benefiting over 1.03 million people. The contract includes 10 years of operations and maintenance.

01Dec 25

SPML India Boosts Stake in SPML Infra Through Preferential Allotment

SPML India Limited acquired 21,08,637 equity shares of SPML Infra Limited through a preferential allotment on November 20, 2025. This increased SPML India's shareholding from 7.91% to 8.19%. SPML Infra's total equity capital expanded from 7.23 crore shares to 7.55 crore shares as a result. The transaction falls under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, requiring disclosure to stock exchanges and the target company.

21Nov 25

SPML Infra Promoter Niral Enterprises Pledges 2.18% Stake to NARCL

SPML Infra Limited disclosed that its promoter Niral Enterprises Pvt Ltd has pledged 1,643,914 shares representing 2.18% stake to SBICAP Trustee Company Ltd on behalf of National Asset Reconstruction Company Ltd. The disclosure was made on December 23 in compliance with SEBI regulations, resulting in reduced unencumbered holding from 3.49% to 2.75%.

20Nov 25

SPML Infra Reports Stable Q2 Performance, Targets Rs 5,000 Crore Order Book with BESS Expansion

SPML Infra Limited reported stable Q2 results with revenue of Rs 199.00 crore, EBITDA margin of 10.00%, and PAT margin of 7.70%. The company secured new orders worth Rs 3,772.00 crore and targets a total order book of Rs 5,000.00 crore for the current fiscal year. SPML Infra is expanding into the Battery Energy Storage Systems (BESS) sector, with Phase I of a 2.5 GWh facility in Pune progressing on schedule. The company has enhanced its bank facilities from Rs 205.00 crore to Rs 505.00 crore and received a 'Stable' rating from ICRA.

18Nov 25

SPML Infra Completes Allotment of 11.44 Lakh Equity Shares to NARCL

SPML Infra Limited has successfully completed the allotment of 11,44,436 equity shares to National Asset Reconstruction Company Limited (NARCL) through debt-to-equity conversion worth Rs. 31.58 crores. The Board of Directors approved this allotment on December 31, 2025, with shares issued at Rs. 276 per share on preferential basis, helping maintain NARCL's shareholding as per their Master Restructuring Agreement.

29Oct 25

SPML Infra Secures ₹505 Crore Credit Facility to Accelerate Project Execution

SPML Infra Limited has obtained an enhanced credit facility of ₹505 crore from a top Indian PSU Bank, up from its previous limit of ₹205 crore. This non-fund based facility, including Bank Guarantee limits, will allow the company to accelerate ongoing projects, increase bidding capacity for larger projects, and improve operational flexibility. The approval underscores SPML Infra's financial credibility in the infrastructure sector.

11Sept 25

SPML Infra Seeks Shareholder Approval for Key Leadership Changes

SPML Infra Limited has announced significant leadership changes subject to shareholder approval via postal ballot. The company proposes appointing Abhinandan Sethi as Managing Director for a five-year term, transitioning Subhash Chand Sethi to Non-Executive Chairman, and appointing Rajeev Kumar Jain as Independent Director for one year. E-voting is open from September 12 to October 11, 2025. These changes aim to strengthen the company's position during its revival phase.

26Aug 25

SPML Infra Reports Mixed Q1 Results; Eyes BESS Expansion and Strong Order Book

SPML Infra's Q1 revenue declined to Rs. 172.90 crore, but margins improved. The company has a robust order book of Rs. 4,500 crore and is entering the Battery Energy Storage Systems market through a partnership with Energy Vault. A manufacturing facility in Pune is planned with an initial 2.5 GW capacity. The company's debt stands at Rs. 407 crore, backed by arbitration awards and claims. Despite Q1 revenue decline, SPML Infra's strong order book and strategic moves position it for future growth.

19Aug 25

SPML Infra Secures Rs. 1,073 Crore Water Supply Project for Indore Under AMRUT 2.0

SPML Infra Limited has been awarded a Rs. 1073 crore contract by Indore Municipal Corporation under the AMRUT 2.0 scheme. The project involves constructing a 1,650 MLD intake facility, a 400 MLD water treatment plant, and other water supply infrastructure to serve 2 million Indore residents. The EPC phase will be completed in 30 months, followed by a 10-year O&M contract. SPML Infra will participate in a Water & Recycling Conference on August 22, 2025, in Mumbai.

13Aug 25

SPML Infra Reports Steady Progress in Fund Utilization from Preferential Issue

SPML Infra Limited has utilized Rs 71.14 crore out of Rs 292.58 crore raised through a preferential issue. Rs 66.64 crore was used for working capital and Rs 4.50 crore for loan repayment to NARCL. Rs 221.44 crore remains unutilized, with Rs 121.91 crore allocated for margin money still untouched. The company has Rs 80.98 crore in a monitoring account and Rs 25 crore in fixed deposits. ICRA Limited confirms no deviations from the stated objectives and all utilization plans are on schedule.

11Jul 25

SPML Infra Secures ₹385 Crore Water Infrastructure Contract in Rajasthan

SPML Infra Limited has been awarded a ₹385 crore contract for a water infrastructure project in Rajasthan under the Jal Jeevan Mission. The project, located in Ajmer, includes constructing a 160 MLD Water Treatment Plant, storage facilities, and a 58.68 km pipeline. It aims to improve water supply in the Kekri-Sarwar region, drawing from the Bisalpur Dam. The contract includes a 10-year operation and maintenance agreement.

07Jul 25

SPML Infra Secures ₹205 Crore Credit Facility to Boost Project Execution

SPML Infra Limited has obtained a credit facility of ₹205.00 crore. This financial boost is expected to enhance the company's project execution capabilities, potentially improving operational efficiency and project delivery. The funds may be used for new projects, accelerating ongoing ones, investing in equipment, and managing working capital more effectively. This development indicates a positive outlook for SPML Infra's near-term operations and demonstrates its ability to access significant financial resources in the capital-intensive infrastructure sector.

09Jun 25

SPML Infra Secures Land for Battery Energy Storage Systems Manufacturing Facility

SPML Infra Limited has been allocated 99,000 square meters of land by the Maharashtra Industrial Development Corporation (MIDC) in Ahmednagar, Maharashtra. The company plans to establish a manufacturing facility for Battery Energy Storage Systems (BESS), marking its strategic entry into the energy storage market. This move aims to diversify SPML Infra's portfolio, strengthen its position in the renewable energy sector, and capitalize on the growing demand for energy storage solutions in India.

02Jun 25

SPML Infra Secures New Order Worth ₹258 Crore

SPML Infra Limited has won a new contract worth ₹258.00 crore, significantly enhancing its order book. While specific project details are undisclosed, the contract's size indicates a major infrastructure development initiative. This acquisition demonstrates SPML Infra's strong market position and ability to secure large-scale projects in the infrastructure sector.

29May 25

SPML Infra Reports Mixed Q4 Results: Profit Up QoQ, Revenue Down YoY

SPML Infra's Q4 results show a quarterly net profit increase to ₹118.00 crore, up 13.46% from the previous quarter's ₹104.00 crore. However, year-over-year figures reveal a 31.79% profit decline from ₹173.00 crore. Revenue significantly contracted to ₹189.00 crore, a 59.18% decrease from ₹463.00 crore in the same quarter last year.

03Apr 25

SPML Infra Inks Exclusive Deal with Energy Vault for Massive Energy Storage Rollout in India

SPML Infra Limited has formed an exclusive partnership with Energy Vault, USA, to deploy energy storage solutions across India. The company plans to install 500 MWh of storage capacity in the next year, with a long-term goal of 30-40+ GWh over a decade. The collaboration involves technology transfer and localized production of Energy Vault's B-VAULT technology and VAULTOS EMS software. This aligns with India's target of 500 GW non-fossil fuel-based electricity capacity by 2030 and addresses the projected energy storage market size of ₹4.70 lakh crore by 2031-32.

03Apr 25

SPML Infra Inks Exclusive Deal with Energy Vault for Grid-Scale BESS Rollout in India

SPML Infra Limited has entered an exclusive partnership with Energy Vault to implement grid-scale Battery Energy Storage Systems (BESS) across India. The collaboration involves technology transfer from Energy Vault to SPML Infra, aiming to deploy 500 MWh of BESS over the next 12 months and 30-40+ GWh over 10 years. This aligns with India's target of 500 GW non-fossil fuel electricity capacity by 2030 and addresses the projected 236.22 GWh energy storage requirement by 2031-32. The partnership is expected to boost SPML Infra's revenue and position it as a leader in India's BESS market.

02Apr 25

Energy Storage Deal Highlights Evolving Power Sector Landscape

Energy Vault and SPML Infra have entered a 10-year licensee and royalty agreement to manufacture and deploy the B-VAULT battery energy storage technology across India. The deal covers over 30 GWh of energy storage capacity, highlighting the growing focus on renewable energy integration and grid stability in India's power sector. While Adani Power is not directly involved, this development could impact the broader energy market and influence future strategies of major power producers.

02Apr 25

Suzlon Energy Secures Major Agreement with SPML Infra for Energy Storage Solutions

Suzlon Energy Limited has signed a significant agreement with SPML Infra for energy storage solutions. The deal, valued at approximately ₹830 crore, involves an initial capacity of 500 MWh to be delivered within 12 months. This strategic move marks Suzlon's entry into the energy storage market, complementing its wind energy portfolio. The agreement is expected to boost Suzlon's revenue in Q1 and Q2 of 2025, improve gross margins, and positively impact cash flow. This diversification aligns with the growing demand for integrated renewable energy solutions and positions Suzlon for growth in the rapidly expanding energy storage sector.

28Mar 25

SPML Infra Expands into Battery Energy Storage Systems, Approves Warrant Conversion

SPML Infra Limited has announced its entry into the Battery Energy Storage System (BESS) sector, approved by the board on March 28, 2025. The company also approved the conversion of 449,843 warrants into equity shares at Rs. 118.56 per warrant, to be allotted to Zoom Industrial Services Ltd, resulting in an equity infusion of approximately Rs. 53.33 crore.

10Mar 25

SPML Infra Secures ₹617.98 Crore Water Resource Contract in Ranchi

SPML Infra Limited has signed a ₹617.98 crore ($74.5 million) contract with the Water Resource Department in Ranchi, Jharkhand. The agreement, likely involving water infrastructure development or management, is expected to boost the company's revenue, strengthen its regional presence in Jharkhand, and showcase its expertise in water management solutions. This contract aligns with SPML Infra's core competencies in water and environment infrastructure projects.