SPML Infra, the infrastructure development company, witnessed a rise in share price on Thursday after it has won new orders worth Rs 3.34 billion from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) for 24X7 water supply system for three cities, Bellary, Hospet and Raichur with a combined population of 8.5 Lac.
The company in its Extraordinary General Meeting held on Jan. 6, 2015 has approved and authorized the Board of Directors to raise funds through Qualified Institutional Placement (QIP) route upto Rs 750 million.
Shares of the company are trading at Rs 89.40, up Rs 4.8, or 5.67% at the Bombay Stock Exchange (BSE) on Thursday at 12:11 p.m.
The scrip has touched an intra-day high of Rs 94.00 and low of Rs 84.00. The total volume of shares traded at the BSE is 12,835.