SPML Infra Limited has informed the Exchange regarding a press release dated April 03, 2025, titled "SPML Infra Powers into India s Next Big Energy Revolution with Grid-Scale BESS Rollout in Exclusive Collaboration with Energy Vault".
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SPML Infra Limited has announced a press release highlighting its exclusive collaboration with Energy Vault to roll out grid-scale Battery Energy Storage Systems (BESS) in India. The partnership positions SPML Infra as a key player in India's emerging energy storage sector, which is central to the country's clean energy transition. The collaboration is being framed as a major step into a new business segment tied to India's energy revolution. SPML Infra, traditionally known for water and infrastructure projects, is now expanding into advanced energy storage solutions. Energy Vault is a globally recognised player in energy storage technology.
This exclusive partnership opens a new high-growth vertical for SPML Infra beyond its core infrastructure business, potentially attracting fresh investor interest. The move could positively influence the stock in the short term as it taps into the booming energy storage opportunity in India.