core sector communique

Subhash Projects And Marketing Limited

 

 SPML wins orders worth Rs 64 crore for solid waste management in Uttar Pradesh

 

Kolkata, January 7, 2010: Subhash Projects And Marketing Ltd (SPML) one of India’s leading infrastructure development companies has won two orders totaling to Rs. 64 crore from Construction & Design Services, Uttar Pradesh Jal Nigam for solid waste management related activities in the state. The orders consist of Development of Integrated Solid Waste Management Facilities for Allahabad Municipal Corporation and Mathura Nagar Palika Parishad, Uttar Pradesh.

 

The capital cost of the Project is Rs.62 Crs., which will be partly funded by the Govt. grant amounting to Rs.40

 

Crs.  The concession period will be for 30 years and the tipping fees will be paid on per tonne basis.

 

These order wins will strengthen SPML’s base in the field of environmental engineering, one of the focus areas for SPML and a crucial requirement for the well being of the country in present times. SPML is also providing solid waste management solutions in Delhi through DWM since 2007.

 

Mr. Subhash Sethi, Vice Chairman, SPML, commented, “With rapid urbanisation, the need for scientific and efficient waste management has become a critical issue today. After the success of our pilot project through Delhi Waste Management, a PPP venture, wherein we have an output of 1500 tonnes a day, we are looking at providing ERP driven solutions to various urban local bodies for collection and segregation of solid waste.”

 

About Subhash Projects & Marketing Ltd.:

 

Subhash Projects And Marketing Limited (SPML) is a leading infrastructure development company with more than two and half decades of multi-disciplinary experience in Water, Power, Environment, Infrastructure, Manufacturing and Technology. The company that started in 1981 as a water pumps agency in Guwahati has evolved today into a multi-faceted conglomerate. Promoted by the Sethi family, SPML was incorporated as a public limited company in August 1983. An ISO – 9001: 2000 certified company, SPML has executed more than 400 projects across India and has established its leadership in the contracting business.

 

SPML has proven business capabilities in the Water, Energy, Environment and Infrastructure domain, on a Public Private Partnership (PPP) & Build-Own-Operate-Transfer (BOOT) basis.

 

SPML’s vision to become a force in the global infrastructure sector is supported by its core strengths – pan India presence, 28 years of experience in turnkey projects, innovative in– house designs and engineering solutions, highly skilled team of over 2000 professionals; complimented by its focus on innovation and cutting edge technology.