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SPML Infra surges after bagging Rs 1128 crore BESS project from NTPC
▲ Bullish +0.39%
The contract value of ₹1,128 crore is exceptionally large relative to the company's small-cap size, providing significant revenue visibility for the next 18 months. This marks a strategic entry into the high-growth Battery Energy Storage System (BESS) sector, which typically commands higher valuation multiples than traditional civil infra. Given the multi-year O&M component, it strengthens the long-term cash flow profile, supporting a positional re-rating.
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