SPML Infra hits 52-week high

MUMBAI, Dec 9 (Business Standard): SPML Infra has rallied 12 per cent to Rs 102 after the company said it has received new orders worth Rs 2.67 billion and also to raise funds worth Rs 750 million through qualified institutional placements (QIP).

"The company has won new orders worth Rs 2.67 billion from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) for 24X7 water supply system for three cities, Sindhanur, Gadag-Betageri and Haveri," SPML Infra said in a statement.