SPML Infra Secures Rs 5.05 billion Credit Boost to Accelerate Projects
ECONOMY & POLICY

SPML Infra Secures Rs 5.05 billion Credit Boost to Accelerate Projects

SPML Infra, a leading infrastructure development company, has received an enhanced credit facility of Rs 5.05 billion from a leading public sector bank, up from the previous limit of Rs 2.05 billion. The facility, which includes bank guarantee (BG) limits, underscores SPML Infra’s financial credibility and strong operational record in the infrastructure sector.

The non-fund-based facility will support the company’s ongoing and upcoming infrastructure and EPC projects by meeting contractual and working capital requirements. The sanctioned BG limits will aid performance guarantees, bid securities, and advance payment guarantees—critical for timely and efficient project delivery.

Abhinandan Sethi, Managing Director, SPML Infra, said the financial support will enable the company to participate in larger projects across multiple sectors and further strengthen its project portfolio.

SPML Infra, with over four decades of expertise, has executed more than 700 projects across water, power, and environment sectors. Ranked among the world’s top 50 private water companies by Global Water Intelligence, SPML continues to drive sustainable growth and infrastructure excellence in India.

SPML Infra, a leading infrastructure development company, has received an enhanced credit facility of Rs 5.05 billion from a leading public sector bank, up from the previous limit of Rs 2.05 billion. The facility, which includes bank guarantee (BG) limits, underscores SPML Infra’s financial credibility and strong operational record in the infrastructure sector. The non-fund-based facility will support the company’s ongoing and upcoming infrastructure and EPC projects by meeting contractual and working capital requirements. The sanctioned BG limits will aid performance guarantees, bid securities, and advance payment guarantees—critical for timely and efficient project delivery. Abhinandan Sethi, Managing Director, SPML Infra, said the financial support will enable the company to participate in larger projects across multiple sectors and further strengthen its project portfolio. SPML Infra, with over four decades of expertise, has executed more than 700 projects across water, power, and environment sectors. Ranked among the world’s top 50 private water companies by Global Water Intelligence, SPML continues to drive sustainable growth and infrastructure excellence in India.

Next Story
Infrastructure Transport

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Next Story
Equipment

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

Next Story
Resources

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->