SPML Infra Secures New Order Worth INR11.3 Billion; Shares Up 4%

MT Newswires Live

May 06

SPML Infra (NSE:SPMLINFRA, BOM:500402) has bagged an order worth 11.3 billion Indian rupees from power producer NTPC (NSE:NTPC, BOM:532555), according to a Wednesday filing to the Indian stock exchanges.

The contract is to develop a 1 GWh battery energy storage system (BESS) at NTPC's Barauni Thermal Power Station in Bihar, India. The company will undertake the supply, civil works, and erection of the 250 MW/1,000 MWh BESS, comprising 5 MWh DC containers with battery management system and thermal management system, and all associated accessories.

The project will be executed over 18 months period, followed by 15 years of operation and maintenance.

The company's shares were up nearly 4% in recent trade.

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