SPML Infra Limited has informed the Exchange regarding 'Clarification_ Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 via e-mail dated 19th May, 2025 '.
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Awaiting price reaction for this filing.
SPML Infra clarified to the exchange details about its earlier disclosure on entering a new business line. The company plans to enter the Battery Energy Storage System (BESS) assembly sector, which falls under India's clean and renewable energy industry. SPML, traditionally in water and power, aims to become a prominent player in the energy storage market, leveraging government policies that mandate at least 10% battery storage in new solar and wind projects. An estimated Rs. 125 crore has been earmarked for the first phase, with further investment depending on initial outcomes. The company also confirmed that the original disclosure was filed within 30 minutes of the board meeting ending at 2:40 PM.
This is a strategic diversification move into a high-growth sector aligned with India's energy transition, but the Rs. 125 crore first-phase investment is modest relative to typical infrastructure spending. Near-term stock impact is likely limited as no revenue numbers or timelines have been shared yet.