SPML Infra Hits Upper Circuit After Collaborating with US Energy Major

Because SPML Infra has an exclusive arrangement with Energy Vault, its share price hit the 5% upper circuit limit. With ambitions for substantial production and local manufacture to assist the nation’s renewable energy goals, this cooperation is expected to increase energy storage in India.

Following collaboration with a significant US energy corporation, SPML Infra’s share price reached the upper circuit limit of 5%. In a filing to the exchange, the business said it had signed an exclusive arrangement with Energy Vault, USA, a global leader in environmentally friendly energy storage systems. Through technology transfer to SPML, this deal seeks to accelerate the development and deployment of Storage Systems in India.

The agreement is expected to allow SPML Infra to deploy multi-gigawatt hours (GWh) of (BESS), supporting India’s energy storage needs and renewable energy expansion. The filing states that a minimum commitment of 500 MWh will be made over the next year, with a target BESS production of 30-40+ GWh over the next ten years.

With this partnership, SPML Infra will leverage its deep industry expertise and the cost-effectiveness of domestic production to offer leading competitiveness in India’s growing energy storage market.

The need for practical, large-scale energy storage technologies has skyrocketed as India prepares for a significant energy shift. In light of the government’s need for battery storage to be included in renewable energy projects, SPML is proud to present Energy Vault’s technology, the most tried-and-true energy storage option available from the US to India. In line with the “Make in India” campaign, we hope to increase grid stability, promote domestic manufacturing, and hasten the adoption of renewable energy through this partnership,” stated Subhash Sethi, Chairman of SPML Infra.

SPML Infra Share Price:

The opening price of SPML Infra shares on the BSE today was ₹175.85 per. The share price of SPML Infra has increased by 3,280.77% during the last five years, according to Trendlyne statistics.

The price of SPML Infra shares saw a significant 52.95% correction in less than 14 weeks, according to Anshul Jain, Head of Research at Lakshmi Shree Investment and Securities. A strong six-week base formation followed this. With larger-than-normal volumes and higher lows on the daily chart, the stock is now in a dead cat bounce. It is now challenging the 50-day EMA at 175 after regaining the 10- and 20-day EMAs.

With a 50% retracement of the collapse, a sustained rise above the ₹175–177 zone might deepen the recovery, with ₹213 as the high-probability objective. For confirmation of more upward momentum, traders should keep an eye out for volume growth over ₹177, according to Jain.