SPML Infra Gets Rs 1.59 Billion Bond Limit, Wins Arbitration
ECONOMY & POLICY

SPML Infra Gets Rs 1.59 Billion Bond Limit, Wins Arbitration

SPML Infra Ltd said it has received intimation of a surety bond limit of Rs 1.59 billion from a reputed insurer registered with the Insurance Regulatory and Development Authority of India. The facility will allow the company to enhance participation in tenders by offering surety bonds in place of bank guarantees for contract awards.

Separately, SPML Infra secured an arbitration award of Rs 216.1 million in its favour from the Chennai Metropolitan Water Supply and Sewerage Board on 31 December 2025. The award is subject to the terms and conditions laid down under the arbitration proceedings.

In December 2025, the company had also won a Rs 2.07 billion project, inclusive of GST, from the Public Health Engineering Department, Jhalawar, Rajasthan. The contract was secured through a joint venture with Shree Hari Infraprojects Private Ltd and forms part of the Jal Jeevan Mission under the Nonera Water Supply Project. The project aims to strengthen drinking water infrastructure across the Kota and Bundi regions.

The scope of work includes construction and operational activities, followed by 10 years of operations and maintenance. Under Package-1, SPML Infra will execute, test and commission three intake wells and three water treatment plants with a combined capacity of 118 million litres per day. The project also involves three clear water reservoirs with a total capacity of 16.1 million litres and 52.6 km of pipelines ranging from 600 mm to 1,300 mm in diameter, supported by PLC and SCADA systems.

Once completed, the project is expected to provide functional household tap connections and clean drinking water to more than 1.03 million people.

Shares of SPML Infra ended at Rs 187.00 on the BSE on 2 January, down Rs 3.29, or 1.73 per cent, from the previous close.

SPML Infra Ltd said it has received intimation of a surety bond limit of Rs 1.59 billion from a reputed insurer registered with the Insurance Regulatory and Development Authority of India. The facility will allow the company to enhance participation in tenders by offering surety bonds in place of bank guarantees for contract awards. Separately, SPML Infra secured an arbitration award of Rs 216.1 million in its favour from the Chennai Metropolitan Water Supply and Sewerage Board on 31 December 2025. The award is subject to the terms and conditions laid down under the arbitration proceedings. In December 2025, the company had also won a Rs 2.07 billion project, inclusive of GST, from the Public Health Engineering Department, Jhalawar, Rajasthan. The contract was secured through a joint venture with Shree Hari Infraprojects Private Ltd and forms part of the Jal Jeevan Mission under the Nonera Water Supply Project. The project aims to strengthen drinking water infrastructure across the Kota and Bundi regions. The scope of work includes construction and operational activities, followed by 10 years of operations and maintenance. Under Package-1, SPML Infra will execute, test and commission three intake wells and three water treatment plants with a combined capacity of 118 million litres per day. The project also involves three clear water reservoirs with a total capacity of 16.1 million litres and 52.6 km of pipelines ranging from 600 mm to 1,300 mm in diameter, supported by PLC and SCADA systems. Once completed, the project is expected to provide functional household tap connections and clean drinking water to more than 1.03 million people. Shares of SPML Infra ended at Rs 187.00 on the BSE on 2 January, down Rs 3.29, or 1.73 per cent, from the previous close.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement