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In power infrastructure development projects, SPML Infra is primarily focusing on substation projects due to its vast experience in executing both air-insulated and gas-insulated power substations, the company said in a statement.
As a result, NHL was removed from the SPML packaging panel and the Financial Services Authority (FSA) was informed.
First Philec owns 74.54 percent of FPSC and 14.49 percent is held by SPML while a number of individual shareholders own 10.97 percent.
It also found SPML to be in material breach of its obligations to First Philec under the joint venture agreement between First Philec and SPML.
SPML said it is working round the clock in two shifts in order to adhere to the tight construction schedule, deploying a labour force of roughly 600 employees and subcontracted workers at any given time.
11 -- SPML Infra ltd., one of India's leading Water and Environment Companies today reported a 24.2% rise in net profit to 308 million compared to 248 million for nine months ended December 31, 2009.
Insituform-India is a joint venture formed in 2007 between Insituform Technologies and SPML Infra Limited, one of India's largest water, waste and power infrastructure companies, to develop the trenchless sewer rehabilitation market in India.
However, a number of people may have taken out mortgages through its two subsidiaries SPML and Preferred, both of which lent in the UK.
We have covered seven companies in this report namely IVRCL Infrastructure and Projects Limited (IVRCL), Nagarjuna Construction Company Limited (NCC), Patel Engineering Limited (PEL), Subhash Infrastructures Limited (Simplex), Subhash Projects and Marketing Limited (SPML), Era Infra Engineering Limited (EIEL) and Gayatri Projects Limited (GPL).
If you want to solve your credit difficulties by remortgaging as quickly as possible then SPML has a fixed rate of 9.04 per cent until December, 2009 with a fast track option.
SPML is a lender that is active in this market and has an excellent adverse credit lending rate on offer of 6.09 per cent fixed until June 1, 2009.
The tie-up with Lehman Brothers subsidiary SPML will see Northern Rock move into near-prime, sub-prime and self-certified loans, underwritten by the investment bank.