SPML Infra: Water project contract in Ajmer includes 10-yr ops

SPML Infra: Water project contract in Ajmer includes 10-yr ops

In a significant financial development, SPML Infra has secured enhanced credit facilities worth Rs 205 crore from a major Indian public sector undertaking (PSU) bank [1]. The credit, primarily in the form of non-fund-based instruments such as Bank Guarantees (BGs), underscores the company's financial credibility and operational resilience. This facility is expected to significantly boost SPML Infra's execution capabilities across water, power, and civil infrastructure segments.

The enhanced financial support positions SPML Infra to pursue larger-scale projects and further strengthen stakeholder confidence. Subhash Sethi, Chairman of SPML Infra, commented, "The availability of this facility will not only strengthen our operational capabilities but also enable us to participate in large-value projects across sectors. Through this enhanced financial support, SPML Infra will expand its project portfolio while further reinforcing the trust and confidence of our clients, suppliers, partners, and stakeholders. We extend our sincere gratitude to Bank for their unwavering trust and continued support in our long-term growth journey."

SPML Infra is engaged in the business of infrastructure development, which includes water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructure. The company reported a consolidated net profit of Rs 12.01 crore in Q4 FY25, as against a net loss of Rs 8.87 crore in Q4 FY24. Net sales, however, tanked 59% year on year to Rs 189.03 crore in Q4 FY25.

Shares of SPML shed 0.32% to settle at Rs 236.05 on the BSE.

References:

[1] https://www.business-standard.com/markets/capital-market-news/spml-infra-secures-rs-205-crore-credit-from-psu-bank-125070800766_1.html