Enviro Infra Engineers Jumps 3.8% After Winning ₹395.5 Cr Pollution Control Project from MIDC
By Shishta Dutta | Published at: Jul 10, 2025 10:55 AM IST
Mumbai, July 10 – Enviro Infra Engineers Ltd (NSE: EIEL) stock gained up to 3.82% to ₹250.39 in Thursday’s early trade, after the firm announced it received an order worth ₹395.5 crore from the Maharashtra Industrial Development Corporation (MIDC). T
he deal, going to the firm’s joint venture firm AltoraPro Infrastructure, is for the design, development, and commissioning of pollution control systems, i.e., Common Effluent Treatment Plants (CETPs), in major industrial areas of Kolhapur district, viz., Ichalkaranji, Hatkanangale, and Yadrav. The project is part of MIDC’s larger effort to improve environmental infrastructure under the Panchganga River Pollution Control Scheme.
Stock Performance Snapshot
| Metric | Value |
|---|---|
| Last Traded Price | ₹247.73 |
| Previous Close | ₹241.18 |
| Opening Price | ₹249.89 |
| Day High / Low | ₹254.99 / ₹249.20 |
| VWAP | ₹251.76 |
| 52-Week High / Low | ₹391.60 / ₹182.00 |
| Market Cap | ₹4,395.10 Cr |
| Traded Volume | 44.70 lakh |
| P/E Ratio | 57.14 |
| Index | NIFTY MICROCAP 250 |
| Industry | Water Supply & Management |
The total buy quantity stood at 5.91 lakh against a sell quantity of 12.5 lakh, indicating strong trade momentum despite sell pressure. The order includes a two-year implementation period followed by five years of operation and maintenance, highlighting Enviro Infra’s growing footprint in India’s environmental engineering and sustainable infrastructure sectors.
₹395.5 Cr Pollution Control Contract Secured
In a regulatory filing dated July 9, 2025, Enviro Infra Engineers announced that it has received a Letter of Intent (LOI) for a major project from MIDC under a joint venture agreement with AltoraPro Infrastructure Pvt. Ltd. The JV is named “Enviro Infra Engineers Limited AIEPL JV”, with Enviro Infra acting as the lead partner.
Key Contract Details
| Particular | Details |
|---|---|
| Awarding Authority | Maharashtra Industrial Development Corporation (MIDC) |
| Project Scope | Design, supply, installation, construction, commissioning, operation & maintenance of CETPs with ZLD |
| Target Areas | Ichalkaranji, Hatkanangale, Yadrav (Kolhapur District) |
| Contract Value | ₹395.50 crore + applicable taxes |
| Execution Timeline | 24 months |
| Nature of Work | Pollution control for Panchganga River through CETP upgrades |
| Promoter Interest | None |
| Related Party Transaction | No |
This is a domestic contract aimed at upgrading Common Effluent Treatment Plants (CETPs) with Zero Liquid Discharge (ZLD) capability, a significant step in tackling river pollution in Maharashtra’s industrial regions.
Strategic Position & Outlook
Enviro Infra Engineers is further solidifying its presence in environmental infrastructure. Especially high-value government-supported EPC (engineering, procurement, construction) contracts. As pollution control and green infrastructure receive increasing focus, such contracts are anticipated to increase revenue visibility and improve long-term cash flows.
The stock, which was listed on November 29, 2024, has been included in the Nifty Microcap 250 index and is now trading at a 57.14 P/E ratio, indicating high investor expectations.
About Enviro Infra Engineers Ltd
Enviro Infra Engineers Ltd is a listed company engaged in the water supply and environmental management sector. The company focuses on executing large-scale municipal and industrial infrastructure projects, including water treatment, sewage treatment, and CETP-based pollution control systems. It is an actively traded stock on the NSE and BSE.
REF: https://nsearchives.nseindia.com/corporate/ENVIRO_09072025161123_Intimation_395Cr.pdf
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