Enviro Infra Share Price Jumps 14% After Securing ₹306 Crore Projects & Entering Renewable Energy Sector

Market Performance

On June 24, Enviro Infra Engineers Ltd witnessed a sharp 14% surge in its share price, reaching ₹241 apiece during mid-day trading.

Key Market Data:

• Current Price: ₹241 (↑14%)
• Market Capitalisation: ₹4,240 Crore
• 52-Week High: ₹391.6
• 52-Week Low: ₹182

The strong uptick in Enviro Infra's share price followed the company's announcement of a significant win in the government sector, along with strategic moves into renewable energy.

Main News: Major Project Wins & Strategic Shift to Solar Energy

Government Project Orders Worth ₹306 Crore

Enviro Infra secured multiple engineering, procurement, and construction (EPC) contracts for sewage treatment plants (STPs) with long-term 15-year operation and Maintenance (O&M) obligations. These include:

• Ambikapur, Chhattisgarh:
  • 16 MLD STP
  • 14 MLD STP
  • 2 MLD STP
• Rajnandgaon, Chhattisgarh:
  • 15 MLD STP
  • 26 MLD STP
• Korba, Chhattisgarh:
  • 33 MLD STP

All projects have been awarded by respective Municipal Corporations and fall under government-sanctioned infrastructure initiatives.

Company Details: Diversification into Renewable Energy

In a move that marks a significant strategic shift, Enviro Infra has stepped into the renewable energy sector by acquiring two solar power projects totaling 69 MW (AC) capacity:

1. 40 MW Solar Power Project in Odisha
   • Through the acquisition of Vento Power Infra Private Limited
2. 29 MW Solar Power Project in Maharashtra
   • Through the acquisition of Soltrix Energy Solution Private Limited

This foray underscores the company's ambition to diversify into clean energy, thereby enhancing its sustainability profile while supporting national renewable energy goals.

 Company Overview

Enviro Infra Engineers Ltd is primarily involved in the following:

• Designing, construction, operation, and maintenance of:
  • Water treatment plants
  • Wastewater treatment plants
  • Water supply scheme projects

The company focuses on zero-liquid-discharge compliant systems, ensuring treated water is reusable for horticulture, refrigeration, washing, and process industries.

Its clientele primarily includes government authorities and urban bodies, making it a key player in India's urban infrastructure and sanitation drive.

Summary of the Article

• Enviro Infra's share price surged 14% on June 24.
• The company secured ₹306 Crore worth of government STP contracts across Chhattisgarh.
• Announced strategic expansion into the renewable energy space with 69 MW solar projects in Odisha and Maharashtra.
• The current market cap stands at ₹4,240 Crore.
• The latest moves strengthen the company's position in the infrastructure and clean energy sectors.