The Top 50 Real State & Infra Company- RANK 33, SPML Infra, Subhash Sethi, Chairman
Early this year, SPML Infra with its joint venture partner OM Metals Infraprojects secured an international order from Ministry of Food and Agriculture, Republic of Ghana, for the work related to rehabilitation and completion of Kpong left bank irrigation project in Ghana, Africa for Rs 205 crore. The scope of work includes modification of existing supply canal, main canal, cross regulators and installation of new distribution structures. This World Bank funded project has a time line of 18 months to complete.
The infrastructure developer, which is into water, sanitation and power, is also eyeing smart city projects apart from EPC contracts. The company is currently executing the city infrastructure part for the upcoming smart-city at Ujjain.
SPML had over the first nine months of last fiscal reported top-line of Rs₹866 crore and a profit of Rs₹24 crore. The company, under the Scheme for Sustainable Structuring of Stressed Assets (S4A), has converted about half of its debt to optionally convertible debentures (OCD).
The infrastructure developer, which is into water, sanitation and power, is also eyeing smart city projects apart from EPC contracts.