SPML Infra presented its business strategy, highlighting a new venture into Battery Energy Storage Systems (BESS) via a 10-year exclusive tech partnership with Energy Vault.
The company reported a robust order book of ₹4,324 Cr in new water project wins and an L1 position on a ₹1,128 Cr BESS project from NTPC.
A significant financial turnaround was achieved through a ₹346 Cr preferential allotment and the resolution of legacy debt via the NARCL/IDRCL mechanism.
Operational focus remains on high-margin water EPC and O&M projects, capitalizing on a large government infrastructure pipeline exceeding ₹17 lakh crore.