Infrastructure development company SPML has bagged two orders worth Rs 721 crore from Bhavnagar Irrigation Project Division, Gujarat and South Bihar Power Distribution Company, Patna.
"SPML Infra has received Rs 594 crore order in Gujarat for developing infrastructure for water supply to Bhavnagar and Rs 127 crore order in Bihar for strengthening, improvement and augmentation of electricity distribution system in 11 towns of the state," the company said in a statement.
It said the Gujarat project is part of Saurashtra Narmada Avtaran Irrigation Yojana that has been initiated by the state government to divert excess overflowing flood water of Narmada river to allocated Saurashtra region.
Excess flood water of Narmada river will be brought to Dholidhaja Dam near Surendra Nagar and will be distributed to 115 reservoirs of seven districts of Saurashtra through 1,115 km long four link canals, benefiting 10,22,589 acres of land.
"The scope of this project includes laying of 40.75 km of MS pipeline of 3,000 mm diameter, apart from pumping stations. SPML will also be responsible for 66 KV outdoor type substations with all allied works and operations and maintenance for 10 years after the commissioning," it said.
The Rs 127 crore order from Bihar is for survey, network design, installation, erection, testing, commissioning, including performance test of all the equipment supplied under the supply contract for augmenting power distribution in Sultanganj, Baka, Naugachiya, Munger, Sheikhpura, Barbigha, Jamalpur, Lakhisarai, Jhajha, Barhiya and Jamui.
"We are very happy that SPML Infra has become the only Indian water management company to be listed in world's top 50 private water management companies. Over the last three decades, we have executed almost 600 projects," said Rishabh Sethi, chief operating officer, SPL Infra.
The shares of the company were trading at Rs 34.80 apiece, up 9.95 per cent from its previous close, on the BSE at 1330 hrs.