On Friday, due to an order, the shares of SPML Infra ran like a rocket. The buying of the stock increased so much that upper circuit was also hit on it.
Share price crosses Rs 60: At the end of trading, the share price of SPML Infra was up about 5 per cent at Rs 60.75. On February 9, the stock was at a level of Rs 63.35, which is the highest level of 52 weeks. Talking about the market capital, it is Rs 222 crore.
What Order Received: Actually, SPML Infra has got the order for water supply project in Rajasthan. The company said that the value of this order is Rs 1,157.08 crore. Rajasthan government is going to provide safe drinking water in Dausa and Sawai Madhopur districts through Isarda Dam Project.
Read this-Every crypto is a separate asset, new guidelines of Income Tax Department
This work includes 341 km of transmission pipeline. 33 KV Electricity Substation is to be constructed at Isarda, Dausa Water Treatment Plant (WTP), two pumping stations, two clean water reservoirs and intake pumping station along with other civil works. The work will be completed in two years, with a guarantee period of one year and 10 years of operation and maintenance post-commissioning.