SPML Infra secures ₹505 crore credit facility for growth

SPML Infra Limited has secured an enhanced credit facility, increasing its credit lines from ₹205 crore to ₹505 crore. This sanction, provided by one of India's top Public Sector Undertaking (PSUs) Banks, strengthens the company's ability to fast-track projects and fuel growth. The credit facilities include Bank Guarantee (BG) limits, crucial for supporting performance guarantees, bid securities, and advance payment guarantees across infrastructure and EPC projects.

Abhinandan Sethi, managing director of SPML Infra Limited, stated that this financial support would bolster operations and enable the company to pursue larger projects across various sectors. This strategic move aims to expand SPML Infra's project portfolio and reinforce confidence among clients, suppliers, partners, and stakeholders.

SPML Infra, with over four decades of expertise, specializes in water, power, environment, and technology sectors. The company has executed over 700 projects, providing critical infrastructure, including drinking water facilities and smart city solutions, and contributes to providing clean drinking water to over 50 million people.