SPML Infra wins Rs 546.96 cr water supply project

SPML Infra on Monday (2 March) said it has received a bulk water supply project contract worth Rs 546.96 crore from the Bangalore Water Supply and Sewerage Board (BWSSB).

The project entails supplying, fabrication, laying and jointing of 25.5 kilometres MS pipeline of 3000 mm diameters (with 30 mm external guniting and internal epoxy lining of 500 micron) for clear water transmission mains from Harohalli to Vajarahalli along with laying of uPVC conduit for fibre optic cable throughout the length of the MS pipeline on either side of the pipe and associated works. The project under the Cauvery Water Supply Scheme, Stage V has intent to supply an additional 775 MLD of water to Bengaluru city. The project is envisaged to be completed in 30 months period.

On a consolidated basis, SPML Infra reported net loss of Rs 13.74 crore in Q3 December 2019 compared with net profit of Rs 7.16 crore in Q3 December 2018. Net sales fell 10.7% to Rs 406.58 crore in Q3 December 2019 over Q3 December 2018.

Shares of the company fell 0.45% to Rs 8.94. The scrip hovered in range of Rs 8.70 and Rs 9.25 so far.

SPML Infra is engaged in the business of construction and maintenance of water main and line connection, water reservoirs, including irrigation system (canal); construction and repair of sewer systems, including sewage disposal plants and pumping stations; construction and maintenance of power plants, and construction, erection and maintenance of power, telecommunication and transmission lines.

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