SPML Infra Share Price in Focus as it Secures ₹186.41 Crore Powergrid Order for Substation Expansion

SPML Infra has secured an EPC order worth around ₹186.41 crore from Power Grid Corporation of India for the expansion of two major extra-high-voltage substations. 

The project is linked to transmission system augmentation involving Bhadla-III, Ramgarh Pooling Station and Kanpur. 

Work Planned at Bhadla-III and Ramgarh 

The order covers the extension of the 765/400/220 kV Bhadla-III Substation and the Ramgarh Pooling Station. 

These facilities form part of the wider transmission augmentation plan covered under the project. SPML Infra will undertake the work under an EPC arrangement. 

Order Intimation Received 

The company said it received intimation of the order through email, while the formal Letter of Award is awaited. 

The 27-month execution period will apply from the date of the Letter of Award, in line with the conditions attached to the project. 

₹186.41 Crore Addition to Order Pipeline 

The new contract gives SPML Infra another sizeable transmission infrastructure project. The work is focused on expanding substation capacity as part of the broader transmission system augmentation. 

The project also brings together work at Bhadla-III and Ramgarh Pooling Station under the same order. 

Read More: NSE Share Price in Focus Post Q2 FY27 Earnings Results: Total Income Up 9.5% YoY! 

SPML Infra Share Price Performance  

As of 04 November 2026, at 10:31 AM, SPML Infra Ltd share price was trading at ₹137.73 per share, reflecting a decline of 1.49% from the previous trading session. 

Conclusion 

SPML Infra's ₹186.41 crore order from Powergrid centres on the expansion of two key substations. The company expects project to run for 27 months from the Letter of Award and adds another EPC assignment to the company's project pipeline. 

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