SPML Infra, the infrastructure development company, witnessed a rise in share price on Wednesday after the company has substantially completed an important Irrigation Project in Gujarat called Saurashtra Narmada Avtran Irrigation (SAUNI Yojana).

The project envisage to divert one million acre feet (MAF) water of Narmada Dam to Saurashtra to distribute it to 115 Reservoirs through 1115 kilometer long network of giant pipelines to irrigate 1.8 million hectare of land, mainly in Saurashtra, Kutch and north Gujarat regions, benefiting millions of farmers.

It will also supply irrigation water to 2.46 lakh hectares in drought-prone Barmer and Jalore districts in Rajasthan and some parts of Maharashtra apart from generating hydropower.

Shares of SPML Infra are trading at Rs 91.80, up Rs 2.4, or 2.68% at the Bombay Stock Exchange (BSE) on Wednesday at 10:03 a.m.

The scrip has touched an intra-day high of Rs 93.80 and low of Rs 89.60. The total volume of shares traded at the BSE is 21,569.

Total volume of shares traded on the bourses today was lower by 83.88% to 21,569 compared with 22-day average volume of 133,766.