SPML Infra JV Bags Rs 205 Cr Order from African Govt | CORPORATE ETHOS

SPML Infra JV Bags Rs 205 Cr Order from African Govt

By: | January 18, 2018
spml infra ltd

Jan 18: Delhi-based infrastructure development firm SPML Infra Ltd on Thursday said that the company, with its joint venture partner OM Metals Infraprojects, has secured an international order from Ministry of Food and Agriculture, Republic of Ghana for the work related to rehabilitation and completion of Kpong left bank irrigation project in Ghana, Africa.

According to the company, the scope of work, which is valued at approximately Rs 205 crore ($32.01 million), includes modification of existing supply canal, main canal, cross regulators and installation of new distribution structures.

“This World Bank funded project has a time line of 18 months to complete. The Letter of Intent (LoI) received by the JV last week and the projects will be executed within the given period,” the company said.

Commenting on the order win, Subhash Sethi, Chairman, SPML Infra, said, “…this is the second order from African countries after we have received an order from Rwanda last year. It is an opportunity for both SPML Infra and OM Metals to become reliable partner for the sustainable infrastructure development in Ghana and other African countries. We are sure that our rich experience in drinking water management and irrigation will help us in delivering the projects on time with excellence in execution and EPC services.”

SPML Infra Ltd, formerly Subhash Projects and Marketing Ltd, operates as an infrastructure development company offering its services to the public as well as private sector. The company specializes as a single source solution provider for various multi disciplinary engineering and infrastructure services from conceptualization to maintenance in water, power, environment and infrastructure projects.

Shares of the company closed trading in red at Rs 144, down 0.48% from the previous closing of Rs 144.70, on BSE today.