Rs 3000 Crore Order Book: Multibagger Infrastructure Stock Price Jumps Over 4% on Rs 1,073 Crore Indore Water Project
DSIJ Intelligence-2 / 19 Aug 2025/ Categories: Mindshare, Trending
The stock price has given 108 per cent multibagger returns from its 52-week low.
In early trading, SPML Infra Limited, a Mid-Cap company in the Indian water infrastructure sector, saw its share price jump over 4 per cent following the award of a major project from Indore Municipal Corporation. The project, valued at Rs 1,073 crore (including GST), falls under the AMRUT 2.0 initiative, a government program focused on water security and self-reliance in urban areas.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.
The project scope is extensive, covering intake and raw water pumping with a capacity of 1,650 MLD (Million Liters per Day), a 400 MLD Water Treatment Plant (WTP) featuring advanced technology, clear water booster pumping stations, 22 kilometers of pipelines ranging from 1,200 mm to 2,337 mm in diameter, and a 132/33 kV electric substation. SPML Infra will also handle long-term operations with a 10-year Operation & Maintenance (O&M) contract that includes structured escalation provisions. The Engineering, Procurement, and Construction (EPC) phase is expected to be completed within 30 months.
As of March 31, 2025, SPML Infra’s order book stands at approximately Rs 3,000 crore, with L1 orders of Rs 2,571 crore expected to convert in Q1-Q2 FY26. The company’s bidding pipeline exceeds Rs 9,000 crore, highlighting strong growth potential for this small- to mid-cap stock.
Advertisement:
Incorporated in 1981, SPML Infra Ltd is in the business of infrastructure development. SPML is a leading infrastructure development company in India, certified to ISO standards, with a diverse portfolio spanning over 650 projects nationwide. They specialise in water treatment, power transmission, waste management, and civil infrastructure, securing contracts from government departments across Delhi, Uttar Pradesh, Rajasthan, Bihar, Gujarat, Maharashtra, and Karnataka.
SPML Infra shares hit an intraday high of Rs 309.90, and as of 10:18 a.m. IST, were trading at Rs 297.10, down 0.29 per cent. The stock price has given 108 per cent multibagger returns from its 52-week low.
Disclaimer: The article is for informational purposes only and not investment advice.