Infrastructure development firm SPML Infra Limited has announced the sanction of enhanced credit facilities amounting to ₹205 crore from a top Indian PSU bank. The sanctioned facility includes a significant bank guarantee (BG) limit and is expected to bolster the company’s project execution and bidding capabilities.
The non-fund-based credit facility will support SPML Infra in meeting key contractual obligations across its infrastructure and EPC (engineering, procurement, and construction) projects. It will also help facilitate the issuance of performance guarantees, bid securities, and advance payment guarantees.
SPML Infra has executed more than 700 projects across the water, power, environment, and technology sectors, including water supply schemes, wastewater management, power transmission, smart city infrastructure, and rural electrification.
The shares of the company ended 0.92% in the red on Monday (July 7). The stock has fallen 8% in the year so far.
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