SPML Infra Gets Rs 1.59 Billion Bond Limit, Wins Arbitration

07 Jan 2026 CW Team

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.

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..