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SPML Infra gets World Bank funded Power Project Orders of Rs. 1774 Million
  SPML Infra Ltd. | 16 Jan 2020 | 03:41 PM
Published on 09-03-2019
Infrastructure development company SPML Infra Limited said that “it has received new project orders worth Rs. 1774 million [including of GST and Taxes in the net order value of Rs. 1503.42 million)” in a filing to Bombay Stock Exchange.


As per the company the orders have been received from Jharkhand Urja Sancharan Nigam Limited for 132/33 kV Substation projects to be completed in 24 months period.


Further these projects are funded by the World Bank under ‘Jharkhand Power System Improvement Project’ scheme. In power infrastructure development projects SPML Infra is primarily focusing on Substation projects having rich experience in executing both AIS and GIS power substations.


As per the BSE report the two orders received as Rs. 1076.53 Million Order for Supply Installation Testing & Commissioning of 132/33 kV Substations at Chainpur in Gumla district and Kolebira Kurdeg and 2 Additional Bays at Kamdara in Simdega district of Jharkhand; Rs. 697.49 Million Order for Supply Installation Testing and Commissioning of 132/33 kV Substations at Hansdiha in Latehar district and Narayanpur in Palamu district of Jharkhand.


Subhash Sethi Chairman SPML Infra said ”We are happy that after completing an important power transmission project in Ratu Govt. of Jharkhand has trusted us with these new orders which we have accepted with gratitude. We will be executing the new power substation projects for improving electricity distribution in the designated areas of the State.”


“Amidst the renewed focus on infrastructure development SPML Infra backed by its strength of rich experience project execution capabilities and technical skills is well positioned to take advantage of new business opportunities in water infrastructure development and power transmission & distribution sector both present and emerging said Subhash.


“The company continues to focus on profitable execution of its project orders positioning well for newer opportunities and is confident of pursuing its growth plans on a sustainable basis” he said.


“As we look for innovative ways of project execution through implementing advanced solutions with the help of latest technology our growth momentum will continue to remain strong in the coming years” he further said.


The shares of SPML Infra traded at Rs. 14.02 apiece high at 0.62 points or 4.63 per cent on the BSE.