SPML Infra gets Rs 205 Crore Credit Facility by leading PSU Banks
In a strategic move, these credit facilities, including the Bank Guarantee (BG) limit, have been sanctioned by one of India’s top Public Sector Undertaking (PSU) banks.
A leading infrastructure development company, SPML Infra Ltd, has announced that it has received the sanction of enhanced credit facilities amounting to Rs 205 crore.
In a strategic move, these credit facilities, including the Bank Guarantee (BG) limit, have been sanctioned by one of India’s top Public Sector Undertaking (PSU) banks.
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This significant development is a testament to the financial robustness and credibility of SPML Infra's business operations.
Read Also : IREDA shares in focus as Board to declare Financial Results for June-end quarterThe company has received the credit sanction facility, which will facilitate the ability to fulfil the contractual obligations and will support the proper implementation of infrastructure development and EPC (Engineering, Procurement, and Construction) projects.
The sanctioned limit will seamlessly facilitate the issuance of performance guarantees, bid securities, and advance payment guarantees; critical instruments in ensuring timely and successful project delivery.
Read Also : SPML Infra gets Rs 205 Crore Credit Facility by leading PSU Banks