SPML Infra Limited has informed the Exchange about General Updates
SPMLINFRA · price
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Awaiting price reaction for this filing.
SPML Infra Limited has received allotment of 99,000 square metres of land from Maharashtra Industrial Development Corporation (MIDC) in Supa Parner Industrial Park, Ahmednagar, Maharashtra. The land is allotted for setting up a Battery Energy Storage System (BESS) manufacturing unit. The company has already paid the earnest money and is completing the premium payment as per MIDC's terms. This is a continuation of an earlier intimation dated 28th March 2025. The company has classified this as part of its normal course of business.
This signals SPML Infra's expansion into the BESS manufacturing business, diversifying from its core infrastructure operations. Positive for long-term growth as it opens a new revenue stream, though actual financial impact will depend on project execution and capex details which have not been disclosed yet.