SPML Infra To Raise PE Funding For Bhiwandi Water Project
SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project.
The company has created a SPV - SPML Bhiwandi Water Supply Infra Limitedfor the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13.
The company has started negotiations with US based Water Asset Management and Veolia Water for the funds.
SBI Capital Markets is advising SPML on the deal.
Transaction Reference: ET
The company is building the water project for the Bhiwandi Nizampur Municipal Corporation on a revenue sharing basis. The company will operate and maintain the project for 25 years. SPML expects revenues of Rs 5000 Cr over the stipulated period.
SPML Infra Limited - formerly known as Subhash Projects and Marketing Limited builds water, power, environment and infrastructure projects on public private partnership and BOT basis.
SPML earns about 62% of its revenue from water management services. It is developing projects in Maharashtra, Gujarat , Delhi and Uttar Pradesh.
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SPML India Limited
Anil Kumar Sethi & Family
|F27/2, Okhla Industrial Area Phase-II, New Delhi-110020. Delhi, India.||Pratibha Industries Limited||www.spml.co.in|
|SPML Bhiwandi Water Supply Infra Limited||Anil Kumar Sethi & Family||206, Marthanda Buildings, Above Canara Bank, DR.Annie Basant Road, Worli Naka, Mumbai-400018. Maharashtra, India.||www.spml.co.in|
|SBI Capital Markets Limited (I Bank)|
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