Shares of SPML Infra Ltd fell 2.5% on 5th January after touching a day’s high of Rs 192.75, even as the firm said on Saturday (3rd January) that it has received an intimation of a Rs 159 crore surety bond limit from a reputed insurer registered with the Insurance Regulatory and Development Authority of India (IRDAI).

The Rs 159 crore surety bond limit will allow SPML Infra to participate in more tenders. It will provide surety bonds instead of bank guarantees.

The company also received an arbitration award of Rs 21.61 crore from the Chennai Metropolitan Water Supply and Sewerage Board on 31st December, 2025. This is subject to arbitration terms.

In December 2025, SPML Infra won a Rs 207.38 crore project (including GST) from PHED, Jhalawar, Rajasthan. This was under the Jal Jeevan Mission, in a joint venture with Shree Hari Infraprojects.

The project involves construction work along with 10 years of operations and maintenance. It aims to improve water supply infrastructure across the Kota and Bundi regions. This will benefit over 1.03 million people.

At 11:16 AM, shares of SPML Infra were trading 1.81% lower at Rs 184 on NSE.

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