Deals3 Jan 2026, 03:21 pm
SPML Infra Ltd Receives Surety Bond Limit of Rs. 159 Crore
AI Summary
SPML Infra Ltd has received an intimation of Surety Bond limit of Rs. 159 Crore from a prestigious insurer registered with the IRDAI. This limit will support the company in enhancing its participation in tenders and will facilitate the furnishing of security in lieu of bank guarantees for the award of contracts, as and when required.
Key Highlights
- SPML Infra Ltd has received a Surety Bond limit of Rs. 159 Crore from a reputed insurer.
- This limit will aid the company in participating in more tenders.
- The bond will facilitate the furnishing of security in lieu of bank guarantees for contract awards.