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The said shares are allotted at a price of Rs. 215/- per equity shares including premium of Rs. 213/- on preferential basis to Niral Enterprises; a promoter group entity.
The contract includes construction and operational work along with 10 years of operations and maintenance. Under Package-1, the scope covers the execution, testing, and commissioning of three intake wells and three water treatment plants with a combined capacity of 118 MLD.
It also includes three clear water reservoirs with a total capacity of 16.1 million liters and 52.6 km of pipelines ranging from 600 mm to 1300 mm in diameter, supported by PLC and SCADA systems. The project is expected to provide functional household tap connections and clean drinking water to over 1.03 million people.
SPML Infra is in the business of infrastructure development.
The company’s consolidated net profit rose 15.3% to Rs 15.04 crore on a 0.4% decrease in net sales to Rs 187.76 crore in Q2 FY26 over Q2 FY25.