SPML Infra Limited (NSE: SPMLINFRA, BSE: 500402), one of India’s leading infrastructure development companies, announced that it has received a major financial boost with an enhanced credit facility of ₹505 crore, sanctioned by one of India’s top public sector banks.
This marks a significant increase from the company’s earlier sanctioned limit of ₹205 crore, underscoring the strong confidence the banking sector has in SPML Infra’s operational and financial stability.
Facility details and purpose
The sanctioned facility includes Bank Guarantee (BG) limits, which will help SPML Infra meet its contractual obligations and working capital requirements.
The company stated that the non-fund-based facility will strengthen its ability to execute ongoing and upcoming infrastructure and EPC (Engineering, Procurement & Construction) projects efficiently.
The enhanced BG limits will be utilized for performance guarantees, bid securities, and advance payment guarantees, which are critical for timely project completion and business expansion.
Management commentary
Commenting on the development, Mr. Abhinandan Sethi, Managing Director of SPML Infra Limited, said:
“This facility will help strengthen our operations and give us the ability to participate in larger projects across multiple sectors. With this financial support, SPML Infra will continue to grow its project portfolio and further build the confidence of our clients, suppliers, partners, and stakeholders.”
He added that the support would reinforce SPML’s commitment to delivering high-quality, sustainable infrastructure with strong governance and proven execution capabilities.
About SPML Infra Ltd
Founded over four decades ago, SPML Infra Limited has executed more than 700 projects across India in sectors like water supply, wastewater management, power transmission, and urban infrastructure.
The company is recognized among the Top 50 Private Water Companies globally by Global Water Intelligence (GWI), London, and ranks among India’s 10 Best Infrastructure Companies.
SPML Infra continues to focus on innovation-driven, ESG-compliant growth while contributing to India’s long-term development goals.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
