Shares of SPML Infra Ltd. surged 5% on March 10, 2025, after the company secured a ₹618 crore irrigation project from the Jharkhand government. This turnkey project, awarded by the Water Resource Department of Hazaribagh, aims to enhance irrigation infrastructure across 12,599.43 hectares of agricultural land in the Bisnugarh (Hazaribagh), Nawadih (Bokaro), and Dumri (Giridih) blocks of Jharkhand.

Project Scope and Implementation

The Konar Irrigation Project will involve:

• Reconstruction and structural strengthening of the main canal, right branch canal, distributaries, sub-distributaries, and minor canals.
• Construction of a solar-powered pump house with a sump, approach channels, and a pressure pipe water conveyance system.
• Canal lining and a modern pipeline network using MS, DI, and HDPE pipes (up to 1200 mm in diameter).
• Development of supporting infrastructure, including boundary walls, approach roads, and service roads.

Long-Term Sustainability and Advanced Water Management

To ensure long-term efficiency, the project includes a 10-year post-construction phase for Operation, Maintenance, and Management (O&M). This will help maintain sustainable water management practices, ensuring better agricultural productivity and farmer welfare.

SPML Infra’s Commitment to Infrastructure Development

Subhash Sethi, Chairman, SPML Infra, emphasized the company’s dedication to sustainable water management:

"This project aligns with our commitment to delivering sustainable water management solutions that enhance agricultural productivity and improve farmers' livelihoods."

The contract was awarded in collaboration with Vijay Kumar Mishra Construction, further strengthening SPML Infra’s position in the infrastructure and irrigation sector.

Market Impact and Share Performance

• Following the announcement, SPML Infra’s stock rose by 5%, reflecting investor confidence in its growth prospects.
• The company continues to expand its footprint in water infrastructure, smart city projects, and sustainable development solutions.

SPML Infra’s latest ₹618 crore irrigation project highlights its expertise in water resource management and commitment to sustainable infrastructure. With advanced technology integration, efficient execution, and a 10-year O&M plan, this project is set to enhance irrigation capabilities in Jharkhand, benefiting farmers and the agricultural sector in the region.

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