SPML Infra bags new orders worth Rs 883 crore
The largest single order received so far by SPML Infra is worth Rs 723.87 crore.
SPML Infra has received four new orders for water supply and irrigation projects with a combined value of over Rs 883 crore, from Gujarat, Manipur and Punjab.
The first and the largest single order received so far by SPML Infra is worth Rs 723.87 crore for the Phase 3 of Saurashtra-Narmada Avtaran Irrigation (SAUNI Yojana), an ambitious project initiated by the Government of Gujarat. The project aims to divert one million acre feet (1 MAF) of water to 115 reservoirs through a 1,115-km pipeline network to irrigate 1.8 million hectare of land, and provide a drinking water facility to 39 million people across 132 towns and 11,456 villages in Gujarat to address the scarcity of drinking water in the Saurashtra, Kutch and North Gujarat regions. The Link 4B, Package 7 project has the scope of supplying and laying a 139-km, 1,000-2,700 mm in diameter pipeline along with the construction of a pumping station and 10 years of O&M. SPML Infra has executed Phase 1 and Phase 2 of the project, and both were inaugurated by Prime Minister Narendra Modi in April 2017 and March 2019 respectively.
“We are very happy that our association with SAUNI Yojana, India’s largest irrigation and drinking water project, is further strengthened with the repeat orders and the largest one received recently."
The second order received is a JV with Shristi Infrastructure Development, which is worth Rs 103.60 crore for the construction of a water distribution network and 24x7 domestic water supply along with sewerage management system and storm water drainage network for Ludhiana Smart City with five years of O&M.
Also, two orders of Rs 33.30 crore and Rs 22.31 crore have been received for augmentation of the water supply system in the Senapati and Churachandpur districts of Manipur, with the idea of promoting tourism under the North East Special Infrastructure Development Scheme (NESIDS).
Subhash Sethi, chairman, SPML Infra, said, “We are very happy that our association with SAUNI Yojana, India’s largest irrigation and drinking water project, is further strengthened with the repeat orders and the largest one received recently. We are thankful to the Government of Gujarat for recognising our execution works, and trusting us to do and deliver more in achieving the ambitious target of providing water to the scarce regions in Gujarat. Our experience in executing urban water supply projects in different states has given us the advantage in getting the water distribution and sewerage management project for Ludhiana Smart City. The water supply augmentation projects in Manipur will help us in making inroads to more water projects in North Eastern states, where our company is already present with a number of power transmission & distribution projects. With our strong execution capabilities and using the latest technological innovations, we are confident to deliver these projects on time to the complete satisfaction of our esteemed clients. The financials from these new orders should start reflecting in our books from the first quarter of FY 20, and it will strengthen our growth and improve profitability.”
Commenting on the road ahead, he added, “We are executing our current projects with particularly good progress, and are also expecting more orders in the water and power segments in the next few months’ time as SPML Infra will be bidding strategically giving the strength of our experience in developing strong and sustainable infrastructure for water supply and power T&D projects.”