SPML bags Rs. 721 cr order; sees Rs. 1.8k cr topline in FY15.

Infrastructure development company SPML has received two new orders worth Rs. 721 crore. It bagged an order worth Rs. 590 crore from Bhavnagar Irrigation Project Division, Gujarat, and another Rs. 130 crore order from South Bihar Power Distribution Company, Patna, said Rishabh Sethi, ED, SPML. The company's total order book currently stands at around Rs. 6000 crore. Its order inflow in FY14 stood at Rs. 3500 crore, Sethi said. The company is currently focusing on water and power sectors, he added. Most of these orders have a 3-4 years horizon. Sethi said revenue inflow from these projects will begin in FY15-16 and go on till FY18. He is expecting a topline of Rs. 1,800 crore in FY15. www.moneycontrol.com