SPML Infra has secured an order from Power Grid Corporation of India, or POWERGRID, for work on the extension of the 765/400/220 kV Bhadla-III Substation and Ramgarh Pooling Station. The company disclosed the development in a filing with the stock exchanges under Regulation 30 of the Securities and Exchange Board of India’s listing regulations.

The company’s principal disclosure describes the order as worth Rs. 1.86 bn. However, the detailed annexure attached to the filing states that the approximate consideration is Rs. 31.86 bn, excluding goods and services tax. The two figures differ materially, and the filing does not explain the discrepancy.

The project involves the extension of two extra-high-voltage substations at Ramgarh and Bhadla. The work forms part of transmission-system augmentation at Bhadla-III, Ramgarh Pooling Station and Kanpur, according to the company’s disclosure.

The contract has been awarded by POWERGRID, a Maharatna central public sector enterprise, and is classified as a domestic engineering, procurement and construction contract. SPML Infra said it had received the intimation by email, while the formal letter of award is still awaited.

Execution is scheduled to take 27 months from the date of the letter of award, or according to the terms of that letter. The filing stated that neither the promoter group nor its group companies have an interest in POWERGRID. It also said the contract would not fall within the scope of related-party transactions.

SPML Infra, headquartered in Kolkata, provides infrastructure and engineering services. The company submitted the disclosure on 4 November 2026, asking the exchanges to take the information on record. The final commercial value and applicable execution terms will be subject to the formal letter of award and any subsequent clarification issued by the company.