Shares of SPML Infra Ltd traded flat on 8th July after touching a day’s high of Rs 242.40, following the company’s announcement that it had secured enhanced credit facilities worth Rs 205 crore from a leading Indian PSU bank.

The sanctioned credit includes a large bank guarantee (BG) limit and is expected to strengthen SPML Infra’s ability to execute projects and bid for new ones.

This non-fund-based facility will help the company meet key contractual requirements across its infrastructure and EPC projects. It will also support the issuance of performance guarantees, bid securities, and advance payment guarantees.

SPML Infra has completed over 700 projects across various sectors, including water, power, environment, and technology. These include water supply systems, wastewater treatment, power transmission, smart city infrastructure, and rural electrification.

At 11:17 AM, the shares of SPML Infra were trading 0.58% lower at Rs 235.38 on NSE.

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