SPML Infra Ltd shares jumped nearly 10% on Monday after receiving a Rs 207 crore joint venture project from Rajasthan’s Public Health Engineering Department. 

SPML Infra has acquired a Rs 207.38 crore project (including GST) in a joint venture with Shree Hari Infraprojects Pvt. Ltd. from the Public Health Engineering Department (PHED) in Jhalawar, Rajasthan.

The project, funded by the Jal Jeevan Mission, is part of the Nonera Water Supply Project and aims to improve drinking water infrastructure in the Kota and Bundi regions. The contract comprises extensive construction as well as ten years of operation and maintenance.

Package-1’s scope includes the execution, testing, and commissioning of three intake wells and three water treatment plants with a total capacity of 118 MLD. It also comprises the construction of three clear water reservoirs totalling 16.1 million litres and the installation of 52.6 km of pipelines ranging in diameter from 600 mm to 1,300 mm, all connected with PLC and SCADA automation systems.

When finished, the project is planned to deliver functional household tap connections and clean drinking water to over 1.03 million people in the region. “With long-term O&M responsibility, our role is not just to construct the project but to ensure consistent performance, resilience, and better health for the people we serve, “Abhinandan Sethi, managing director, SPML Infra, said in a statement. 

SPML Infra is an infrastructure development company with over 40 years of experience in the electricity, water, environment, and technology industries. 

With a strong presence across India, SPML has successfully completed over 700 projects, transforming vital infrastructure such as drinking water supply systems, wastewater treatment facilities, integrated sewerage networks, municipal waste management, power transmission and distribution systems, substations, rural electrification, and smart city initiatives.

At 3:06 pm, the shares of SPML Infra were trading 3.2% higher at Rs 193.33 on NSE. 

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