SPML Infra sacks order worth Rs1,157.08 crore of Isarda Dam Project in Rajasthan; stock spurts ~5%

25 Mar 2022 , 09:54 AM

In its press release today, SPML Infra Limited informed that the company has received a Rs1157.08 crore new bulk water supply project order for the Isarda Dam project, to provide safe drinking water in Dausa and Sawai Madhopur. SPML has procured this order from the Public Health Engineering Department, Tonk, Rajasthan under the flagship scheme of Jal Jeevan Mission.

This project strives to provide a safe drinking water facility to almost 25 lakh rural and urban populations that will benefit 1,079 villages and 5 towns in Dausa, and 177 villages and 1 town in Sawai Madhopur, Rajasthan.

This is the largest single order company has received to execute an important water supply project in Rajasthan.

The company’s scope of work includes setting up 341 Kilometers of 150 mm—1900 mm dia MS & DI Raw Water and Clear Water Transmission Pipeline, 2 Pumping Stations (including civil work, pumping machinery, related piping, electromechanical, instrumentation works), one at WTP and another at Bagri, 2 Clear Water Reservoirs: 24.50 Million Litres at WTP and 21.50 Million Litres at Bagri, 225 MLD Water Treatment Plant (WTP) at Isarda, Dausa, construction of 33 kV Power Substation at Intake Pumping Station, and Other civil works, office, residential buildings, crossing at National Highways, Railways, and Petroleum/Gas pipelines, etc.

The company is expected to complete the work in 2 years along with 1 year of defect liability period and 10 years of operation and maintenance post-commissioning.

SPML Infra is currently trading at Rs60.75 up by Rs2.85 or 4.92% from its previous closing of Rs57.90 on the BSE. The scrip opened at Rs60.75 and has touched a high and low of Rs60.75 and Rs60 respectively.