SPML Infra Secures ₹159 Cr Surety Bond, Wins ₹22 Cr Arbitration Award
Market
C
CNBC TV18•03-01-2026, 17:25
SPML Infra Secures ₹159 Cr Surety Bond, Wins ₹22 Cr Arbitration Award
- •SPML Infra secured a ₹159 crore surety bond limit from an IRDAI-registered insurer, boosting its tender participation and replacing bank guarantees.
- •The company received a ₹21.61 crore arbitration award from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB).
- •In December 2025, SPML Infra, in a JV with Shree Hari Infraprojects Private Ltd, won a ₹207.38 crore Jal Jeevan Mission project in Rajasthan.
- •The Nonera Water Supply Project includes construction, testing, commissioning of intake wells, WTPs, reservoirs, and 52.6 km pipelines.
- •This project aims to provide clean drinking water to over 1.03 million people in the Kota and Bundi region, with 10 years of operations and maintenance.
Why It Matters: SPML Infra strengthens financial position with new bond limit and arbitration win, alongside major project.
✦
More like this
Loading more articles...
