SPML Infra has secured an order valued at Rs. 1.86 bn from Power Grid Corporation of India for work related to the extension of the 765/400/220 kV Bhadla-III Substation and Ramgarh Pooling Station. The company disclosed the award in a filing with the National Stock Exchange and BSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations.

The project involves extending 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. Power Grid Corporation of India, a Maharatna Central Public Sector Enterprise, is the domestic entity awarding the contract.

The contract is classified as engineering, procurement and construction (EPC), and is to be executed within 27 months from the date of the Letter of Award or in accordance with its terms. SPML Infra said the intimation had been received by email, while the formal Letter of Award was awaited at the time of the filing.

The filing's detailed annexure separately states the approximate consideration for the order as Rs. 31.86 bn, excluding goods and services tax. This figure differs from the Rs. 1.86 bn value stated in the main disclosure, and both values have been reported as presented in the company's filing.

The company said the order was awarded by a domestic entity. It also disclosed that neither its promoters nor promoter group companies had an interest in Power Grid Corporation of India, and that the contract would not fall within related-party transactions. SPML Infra is headquartered in Kolkata and operates in infrastructure development and related project execution activities.