Infra stock hits 5% upper circuit after signing agreement worth ₹617 Cr for irrigation infrastructureInfra stock hits 5% upper circuit after signing agreement worth ₹617 Cr for irrigation infrastructure

Introduction:

Leading infra company has secured a ₹617.98 crore project to enhance irrigation infrastructure in Jharkhand. The project includes canal strengthening, pipeline installation, and a solar-powered pump house, ensuring improved water management across 12,599.43 hectares, benefiting farmers and boosting agricultural productivity.

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Share price movement of SPML Infra:

On March 10, 2025, SPML Infra Ltd opened at ₹170.65, up 4.39% from its previous close of ₹167.30. The stock hit a high of ₹175.65 (4.99%) and a low of ₹170.10. By 1:05 PM, it traded at ₹175.65, a 4.99% increase, with a market cap of ₹1,248.00 crore.

SPML Infra Secures ₹617.98 Crore Irrigation Project in Jharkhand:

SPML Infra Limited, in partnership with Vijay Kumar Mishra Construction, has secured a ₹617.98 crore project from the Water Resource Department, Hazaribagh. The project, under the Konar Irrigation Scheme, aims to enhance irrigation infrastructure across 12,599.43 hectares in Bisnugarh, Nawadih, and Dumri blocks.

The project involves strengthening canals, constructing a solar-powered pump house, and developing an advanced pipe distribution network with MS, DI, and HDPE pipes up to 1200 mm in diameter. Additional infrastructure includes canal lining, approach roads, boundary walls, and a modern water conveyance system.

A 10-year post-construction phase for Operation, Maintenance, and Management (O&M) ensures long-term efficiency. This project is expected to improve irrigation access, boost agricultural productivity, and support sustainable water management in Jharkhand, benefiting farmers and strengthening the region’s infrastructure.

Stock performance of SPML Infra for Period of 1 week, 6 months, and 1 year:

SPML Infra Ltd delivered a 9.55% gain over the past week, showcasing strong short-term momentum. However, the stock declined by 37.0% over six months, while maintaining a robust 47.6% gain over the past year, reflecting long-term growth potential.

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Shareholding pattern of SPML Infra:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	34.80%	35.90%	35.90%
FII	0.80%	1.00%	0.60%
DII	14.90%	14.60%	15%
Public	49.50%	48.50%	48.90%

About SPML Infra:

SPML Infra Ltd. (NSE: SPMLINFRA) is a leading water management company with 44 years of expertise. It has executed 700+ projects, providing clean water, wastewater treatment, power infrastructure, and smart city solutions, serving over 50 million people across India.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.