Shares of SPML Infra were higher by 5 percent on March 10 on the back of a Rs 618 crore irrigation project order by Jharkhand government.
As of 11:45 am, the shares of SPML Infra are trading at Rs 176.
An exchange filing the company informed of the agreement with the Water Resource Department of Hazaribagh district for a major irrigation project under the Konar Irrigation Project. This project aims to enhance irrigation infrastructure across 12,599.43 hectares of agricultural land in Bisnugarh block (Hazaribagh), Nawadih block (Bokaro), and Dumri block (Giridih) in Jharkhand, and will be implemented on a turnkey basis.
Subhash Sethi, Chairman, SPML Infra said, "This project aligns with our commitment to delivering sustainable water management solutions that enhance agricultural productivity and improve farmers' livelihoods. By leveraging advanced technology and efficient execution, we aim to complete the project within the stipulated timeline while ensuring high standards of quality and reliability."
The project has been awarded to SPML Infra in collaboration with Vijay Kumar Mishra Construction for a total value of Rs 617.98 crore and aims to improve irrigation infrastructure across 12,599.43 hectares of agricultural land in Bisnugarh (Hazaribagh), Nawadih (Bokaro), and Dumri (Giridih), Jharkhand.
The project involves the reconstruction, repair, and structural strengthening of the main canal, right branch canal, and their distributaries, sub-distributaries, and minor canals using open channels. Additional work includes the construction of an approach channel, canal lining, a solar-powered pump house with a sump, and a pressure pipe water conveyance system.
A modern pipeline network—comprising MS, DI, and HDPE pipes of up to 1200 mm in diameter—will be integrated with an advanced pipe distribution network (PDN) and control mechanisms. Supporting infrastructure such as boundary walls, approach roads, and service roads will also be developed.
To ensure long-term efficiency, the project includes a 10-year post-construction phase dedicated to Operation, Maintenance, and Management (O&M).
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