SPML Infra Hits Upper Circuit; Secures ₹617.98 Crore Irrigation Project in Jharkhand

SPML Infra Limited’s share price hit the upper circuit following the announcement of a new agreement with the Water Resource Department, Hazaribagh, for a large-scale ₹617.98 crore irrigation project under the Konar Irrigation Project.

The project, awarded in partnership with Vijay Kumar Mishra Construction, aims to enhance irrigation infrastructure across 12,599.43 hectares of agricultural land in Hazaribagh, Bokaro, and Giridih districts in Jharkhand. This contract win has fueled investor optimism, driving the stock to its upper circuit limit.

Scope of the Project: Strengthening Irrigation Infrastructure

This turnkey project involves:

• Reconstruction and Repair: Strengthening of main canals, right branch canals, and related distributaries, sub-distributaries, and minor canals.
• Pipeline Network: A pressure pipe water conveyance system using MS, DI, and HDPE pipes (up to 1200 mm in diameter), integrated with an advanced Pipe Distribution Network (PDN) and control mechanisms.
• Canal Lining & Approach Channel: Enhancing water conservation and distribution efficiency.
• Solar-Powered Pump House & Sump: Incorporating renewable energy solutions for sustainable water management.
• Supporting Infrastructure: Development of boundary walls, approach roads, and service roads to facilitate seamless operations.

Long-Term Sustainability with 10-Year O&M Phase

To ensure operational efficiency, the project includes a 10-year post-construction Operation, Maintenance, and Management (O&M) phase. This commitment ensures the long-term sustainability and functionality of the irrigation network.

SPML Infra’s Vision for Water Management

Commenting on the development, Mr Subhash Sethi, Chairman of SPML Infra Limited, stated: “We are proud to contribute to Jharkhand’s irrigation infrastructure. This project aligns with our vision to enhance agricultural productivity and improve farmers’ livelihoods. By leveraging advanced technology and efficient execution, we aim to complete this project within the stipulated timeline while ensuring high standards of quality and reliability.”

About SPML Infra Ltd.

SPML Infra Limited is a leading player in India’s water management sector, with over 44 years of experience and 700+ infrastructure projects executed. The company has played a significant role in providing clean drinking water to over 50 million people in both urban and rural India.

Ranked 14th among the World’s Top 50 Private Water Companies by Global Water Intelligence, London, SPML Infra’s expertise spans:

• Drinking water supply
• Wastewater treatment and sewerage networks
• Municipal waste management
• Power transmission and rural electrification
• Smart city infrastructure

With strong investor sentiment and a robust pipeline of projects, SPML Infra continues to expand its role in water and irrigation solutions across the country.

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