SPML Infra Limited repays sustainable debt amounting to Rs. 219 crores to NARCL

SPML Infra Limited has repaid the sustainable debt amounting to Rs. 2,190,000,000/- (Rupees Two Hundred Nineteen Crore Only) to M/s National Asset Reconstruction Company Ltd (NARCL) as per the Sanction Letter dated 14t March, 2024 of India Debt Resolution Company Ltd (IDRCL), an exclusive resolution entity of NARCL.

Majority of the aforesaid debt has been repaid from the inflow of money receipt from NTPC Ltd. under the Vivad se Viswas 11 (Contractual Disputes) scheme.

Shares of SPML Infra Limited was last trading in BSE at Rs. 128.05 as compared to the previous close of Rs. 127.40. The total number of shares traded during the day was 5315 in over 94 trades.

The stock hit an intraday high of Rs. 129.35 and intraday low of 125.50. The net turnover during the day was Rs. 679287.00.

Source : Equity Bulls

Keywords

SPMLInfra INE937A01023 SustainableDebt Repayment NARCL