SPML Infra Ltd

SPML Infra has signed an exclusive agreement with Energy Vault, USA; a global leader in sustainable energy storage solutions. The said agreement is set to fast-track the manufacturing and deployment of Energy Storage Systems in India through a technology transfer to SPML. By adopting Energy Vault's cutting-edge B-VAULT Battery Energy Storage System (BESS) technology and VaultOS EMS software, this partnership will drive the growth of the country's green energy sector. Localized production and deployment will enhance India's energy infrastructure, improve grid stability, and support the seamless integration of renewable energy. Ultimately, this collaboration will increase the availability of reliable and affordable clean energy for consumers nationwide. This agreement is expected to facilitate multi-gigawatt hours (GWh) of BESS deployments by SPML to contribute to India's renewable energy scale-up and energy storage needs, with a minimum volume of 500 MWh over the next 12 months and a minimum targeted BESS volume of 30-40+ GWh to be manufactured over the next 10 years. Through this partnership SPML will leverage the cost efficiencies of localized manufacturing, as well as SPML's deep market expertise, to deliver industry-leading competitiveness within India's growing energy storage market. Engineered to meet the short to medium duration energy storage requirements, B-VAULT is a suite of fully integrated battery energy storage solutions designed for reliability, flexibility and energy sustainability. The Innovative enclosure architecture provides customer optionality with both battery and inverter suppliers, while unique AC-coupled and DC-coupled configurations provide the drop-in flexibility needed for any project. Advanced safety and cyber security features combine with native VaultOS EMS integration and competitive project pricing to deliver on customer needs. Powered by Capital Market - Live

The Board of SPML Infra at its meeting held on 28 March 2025 has approved the company's entry into the Battery Energy Storage System (BESS) sector. The Board has also authorized the management to take all necessary steps and obtain the required approvals to facilitate this strategic initiative.Powered by Capital Market - Live

The Board of Directors of SPML Infra has approved the conversion of 449,843 Warrants of Rs. 118.56/- each into 449,843 Equity Shares of face value of Rs. 2/- each, at a price of Rs. 118.56/- per equity share including premium of Rs. 116.56/- on preferential basis to Zoom Industrial Services; Promoter group of the Company. Powered by Capital Market - Live

SPML Infra will hold a meeting of the Board of Directors of the Company on 28 March 2025.Powered by Capital Market - Live

The project, valued at Rs 617.98 crore (approximately USD 70.90 million), aims to enhance irrigation infrastructure across 12,599.43 hectares of agricultural land in the Bisnugarh block (Hazaribagh), Nawadih block (Bokaro), and Dumri block (Giridih) in Jharkhand. The project involves the reconstruction, repair, and structural strengthening of the main canal, right branch canal, and associated distributaries, sub-distributaries, and minor canals through open channels. It also includes the construction of an approach channel, canal lining, a solar-powered pump house cum sump, and a pressure pipe water conveyance system. The pipeline network will use MS, DI, and HDPE pipes of up to 1200 mm in diameter and include an advanced pipe distribution network (PDN) and control mechanisms. Additionally, civil works such as boundary walls, approach roads, and service roads are part of the plan. The project includes a 10-year post-construction phase for operation, maintenance, and management (O&M) to ensure long-term sustainability and efficiency. Subhash Sethi, chairman of SPML Infra, said, 'We are proud to contribute to the development of Jharkhand's irrigation infrastructure. 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.' SPML Infra is engaged in the business of infrastructure development, which inter alia includes water management, water infrastructure development, wastewater treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructure. The company's consolidated net profit surged 795.5% to Rs 9.94 crore on a 26.2% drop in sales to Rs 186.27 crore in Q3 FY25 compared to Q3 FY24.Powered by Capital Market - Live

Net profit of SPML Infra rose 795.50% to Rs 9.94 crore in the quarter ended December 2024 as against Rs 1.11 crore during the previous quarter ended December 2023. Sales declined 26.15% to Rs 186.27 crore in the quarter ended December 2024 as against Rs 252.24 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales186.27252.24 -26 OPM %4.34-1.41 - PBDT12.312.44 405 PBT12.201.90 542 NP9.941.11 795 Powered by Capital Market - Live

SPML Infra will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

The firm added that this appointment is based on the recommendation of the nomination and remuneration committee and the approval of the board of directors. Subhash is liable to retire by rotation. Subhash Chand Sethi is the brother of Sushil Kumar Sethi, vice chairman and non-executive director of the company. Subhash Sethi is the chairman of SPML Infra and group companies. In the past 43 years, he worked relentlessly to grow the company with his mission to achieve the impossible and create value and wealth for the organization and its stakeholders. The group commenced operations in the engineering and contract sectors by implementing small turnkey projects in water in the North East. But with sheer commitments and ethical business practices, he continued walking the road of discovery and innovation. The boundaries of his business, which was the North East of India, started expanding, and he set up his office in Kolkata and also expanded to other cities by setting up offices in Delhi and Bangalore, and SPML's presence spread across the country in just a few years' time. SPML Infra is engaged in the business of infrastructure development, which inter alia includes water management, water infrastructure development, waste water treatment, power generation, transmission and distribution, solid waste management, and other civil infrastructure. The company reported consolidated net profit of Rs 13.06 crore in Q2 FY25 as against Rs 0.34 crore posted in Q2 FY24. Revenue from operations was at Rs 188.57 crore in Q2 FY25, down 25.73% year on year. Powered by Capital Market - Live

SPML Infra will hold a meeting of the Board of Directors of the Company on 30 December 2024.Powered by Capital Market - Live

Net profit of SPML Infra rose 3741.18% to Rs 13.06 crore in the quarter ended September 2024 as against Rs 0.34 crore during the previous quarter ended September 2023. Sales declined 25.73% to Rs 188.57 crore in the quarter ended September 2024 as against Rs 253.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales188.57253.90 -26 OPM %6.800.09 - PBDT16.051.77 807 PBT15.781.15 1272 NP13.060.34 3741 Powered by Capital Market - Live