New Delhi, June 24, 2025 — Enviro Infra Engineers, a relatively new player in India’s listed markets, saw its shares skyrocket by 11.4% on Tuesday, hitting a three-week high of ₹235 per share. The sharp rally was driven by the company’s announcement of major project wins worth ₹306.30 crore and its official entry into the renewable energy sector, marking a significant milestone in its business diversification strategy.
₹306 Crore Worth Projects Secured in Chhattisgarh
In a filing to the stock exchanges, Enviro Infra Engineers revealed that it had bagged engineering, procurement, and construction (EPC) contracts for multiple sewage treatment plants (STPs) with long-term operation and maintenance (O&M) responsibilities from municipal bodies across Chhattisgarh.
These include:
- Ambikapur Municipal Corporation: 16 MLD, 14 MLD, and 2 MLD STPs
- Rajnandgaon Municipal Corporation: 15 MLD and 26 MLD STPs
- Korba Municipal Corporation: 33 MLD STP
These large-scale projects will include 15 years of O&M, ensuring recurring revenue for the company in addition to the upfront EPC value.
Sanjay Jain, Chairman & Whole-Time Director of Enviro Infra Engineers, expressed confidence in the company’s execution capabilities. He said:
“We are proud to have been entrusted with these significant projects by government bodies. Our focus remains on delivering high-quality, sustainable, and timely solutions that contribute to the nation’s water management and sanitation goals. We are committed to maintaining the highest standards of engineering and execution.”
Strategic Entry Into Renewable Energy Sector
In a separate yet equally significant announcement, Enviro Infra Engineers confirmed its official foray into India’s booming renewable energy sector. The company has acquired two solar projects with a combined installed capacity of 69 MW (AC), further diversifying its revenue streams.
The two projects are:
- Vento Power Infra Private Limited – 40 MW Solar Project in Bolangir, Odisha
- Tariff: ₹4.10 per unit
- Power Purchase Agreement (PPA): Approx. 18 years
- Soltrix Energy Solution Private Limited – 29 MW Solar Project in Maharashtra
- State Financial Assistance (SFA): ₹3.20 crore per MW (Total ₹92.80 crore)
- Tariff: ₹0.88 per unit
- Duration: 25 years
This move represents a major strategic shift, bringing Enviro Infra Engineers into one of the fastest-growing sectors in India, aligning perfectly with the government’s emphasis on renewable energy expansion and green infrastructure development.
Commenting on this development, Mr. Jain added:
“With these projects, the company has officially entered the renewable energy sector, aligning with its long-term vision for sustainable, clean, and future-ready growth. The company remains focused on delivering high-quality, timely, and sustainable energy solutions while upholding the highest standards of engineering excellence and governance.”
About Enviro Infra Engineers: A Quick Overview
Enviro Infra Engineers Limited is primarily engaged in designing, constructing, operating, and maintaining water and wastewater treatment plants (WWTPs), along with executing water supply scheme projects (WSSPs) for various government authorities and municipal corporations.
Core Operations Include:
- Sewage Treatment Plants (STPs)
- Sewerage Schemes (SS)
- Common Effluent Treatment Plants (CETPs)
- Water Treatment Plants (WTPs)
- Pipeline Laying for Water Supply
The company often works independently but also forms joint ventures (JVs) with other infrastructure firms to bid for large government tenders on EPC or HAM (Hybrid Annuity Model) bases.
Why This Matters for Investors
- Order Book Boost: Winning ₹306 crore worth of orders significantly strengthens the company’s project pipeline.
- Diversification Edge: Expansion into solar projects reduces reliance on a single sector.
- Recurring Revenue Model: Long-term O&M contracts offer predictable, stable cash flows.
- Sector Tailwinds: Both water treatment and renewable energy sectors enjoy strong policy support from the Indian government under programs like AMRUT 2.0 and the National Solar Mission.
Given this combination of solid project wins and sectoral tailwinds, Enviro Infra Engineers appears poised for sustained growth, with many market analysts optimistic about its medium-to-long-term prospects.
Market Response So Far
Following these announcements, investor sentiment turned decisively positive, propelling the stock to its highest level in three weeks. Market analysts believe that Enviro Infra Engineers could see further upside if the company continues to execute its orders efficiently and meets project deadlines.
However, experts also advise retail investors to track quarterly earnings reports closely to ensure that these positive developments translate into actual financial performance.
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