SPML wins Rs64 crore orders
Subhash Projects & Marketing Ltd (SPML) has won two orders totaling to Rs64 crore from Construction & Design Services, Uttar Pradesh Jal Nigam for solid waste management related activities in the state.
The orders consist of Development of Integrated Solid Waste Management Facilities for Allahabad Municipal Corporation and Mathura Nagar Palika Parishad, Uttar Pradesh.
The capital cost of the Project is Rs62 crore, which will be partly funded by the Govt. grant amounting to Rs40 crore. The concession period will be for 30 years and the tipping fees will be paid on per tonne basis.
These order wins will strengthen SPML’s base in the field of environmental engineering, one of the focus areas for SPML and a crucial requirement for the well being of the country in present times. SPML is also providing solid waste management solutions in Delhi through DWM since 2007.
Subhash Sethi, Vice Chairman, SPML, commented, “With rapid urbanisation, the need for scientific and efficient waste management has become a critical issue today. After the success of our pilot project through Delhi Waste Management, a PPP venture, wherein we have an output of 1500 tonnes a day, we are looking at providing ERP driven solutions to various urban local bodies for collection and segregation of solid waste.”