SPML Infra shares soar 10.5% on fresh orders worth Rs 800 cr

Shares of SPML Infra Ltd today surged 10.5 per cent after the company said that it has bagged new orders worth Rs 800 crore for various projects including developing power substations.
The stock jumped 7.53 per cent to end at Rs 60 on BSE. During the day, it soared 19.98 per cent to Rs 66.95.
At NSE, shares of the company zoomed 10.49 per cent to close at Rs 61.05.
On the volume front, 7.72 lakh shares of the company were traded on BSE and over 20 lakh shares changed hands at NSE during the day.
SPML Infra has received several new orders for developing power substation, rooftop solar power plant, water and wastewater treatment and municipal solid waste management projects from different States in the country, the company said in a BSE filing.

The company's Chairman Subhash Sethi said, "We are excited to receive these new orders to develop power infrastructure in Tripura that is going to accelerate the north eastern states' development agenda, improve economic growth and citizen well-being through quality power supply.