Shares of SPML Infra rallied over 8 % on the Bombay Stock Exchange after the company said it has secured new orders approximately of Rs 800 crore for power substation, rooftop solar power plant, water & wastewater treatment and municipal solid waste management projects from different states of India.

The company’s power substation business has received orders worth Rs 591 crore, include Rs 461 crore order of 3 package from Power Grid Corporation of India for 16 numbers of substations/substation extensions of 132/33/11 kv in Tripura under North East Region (NER) power system improvement project, it said in a filing to the Bombay Stock Exchange.

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Following the announcement, shares of company gained as much as 7.53 %per cent at Rs 59.85 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company advanced 8.78 per cent to Rs 60.10 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 27,285.17, up 47.11 points, or 0.17per cent.