SPML Infra Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "SPML Infra wins Rs. 344.64 Crore Order for Water Infrastructure Project under AMRUT Scheme in Chennai".
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SPML Infra Limited, along with consortium partners JWIL Infra and Vishnusurya Projects, has secured a Rs. 344.64 crore order from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The project involves implementing 24x7 continuous water supply for two water distribution stations (Pallipatu and Thiruvanmiyur) in Chennai under the government's AMRUT scheme, using a Hybrid Annuity Model (HAM). Construction is to be completed within 2 years, followed by 15 years of operations and maintenance. The project is expected to benefit nearly half a million people and aims to reduce non-revenue water to less than 20%.
This is a positive development for SPML Infra as it adds a sizeable government-backed order to its order book, with long-term revenue visibility through the 15-year O&M period. The HAM model provides a mix of construction revenue and annuity income, which should support stable cash flows. The stock may see positive sentiment given the project's strategic importance and government backing.