SPML Infra Limited has informed the Exchange regarding a press release dated Jun 02, 2025, titled "SPML Infra Secures Rs. 258 Crore Water Infrastructure Project from Chennai Metro Water Supply and Sewerage Board".
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On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 4.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SPML Infra Limited, along with consortium partner JWIL Infra Limited, has won a Rs. 258 crore water infrastructure project from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). SPML holds a 26% share in the consortium, translating to roughly Rs. 67 crore for the company, while JWIL holds 74%. The project involves building a new reservoir and pumping station in Porur, along with related ancillary works, and includes a 20-year Operation and Maintenance (O&M) commitment. The order was secured after the consortium emerged as the lowest bidder and received the Letter of Acceptance.
This is a meaningful new order win for SPML Infra, strengthening its order book in the water infrastructure segment and providing recurring revenue visibility through the 20-year O&M component. The contract is likely to be viewed positively by the market as it reinforces the company's leadership position in urban water projects, though the actual revenue share to SPML is about Rs. 67 crore given its 26% consortium stake.