Enviro's stock price up by more than 12% today after company gets renewable energy projects

Mumbai, June 24, 2025 — Shares of Enviro Infra Engineers Ltd (NSE: EIEL | BSE: 544290) soared nearly 12.45% in early trade on Tuesday following a slew of strategic project wins across the renewable and water infrastructure sectors. The project wins align with the company’s long-term goal of participating in the renewable energy sector.

The company has acquired Vento Power Infra Pvt Ltd (directly) and Soltrix Energy Solution Pvt Ltd (through its subsidiary EIE Renewables) to expand into the renewable energy sectors. At the same time, the company bagged sewage treatment plant (STP) projects worth ₹306.30 crore from the Municipal Corporation in Chhattisgarh. The wins collectively valued at over ₹514 crore.

The stock opened in green, reached to an intraday high (₹239.34) and was trading at 237.76 at 10:42 AM (12.45% up)

Strategic Renewable Energy Expansion: 69 MW Solar Projects Acquired

Enviro Infra announced a two-pronged expansion into the renewable energy sector:

Project Entity	Capacity	Location	Project Cost (₹ Cr)	Tariff (₹/unit)	Duration	Status
Vento Power Infra Pvt Ltd	40 MW	Bolangir, Odisha	115.61	4.10	~18 years	PCOD Achieved
Soltrix Energy Solution Pvt Ltd (via EIE Renewables)	29 MW	Maharashtra	Not disclosed	0.88	25 years	Acquired

The Vento Power acquisition was made under a competitive bid process through PTC India Financial Services Ltd, while the Soltrix project comes with ₹92.80 crore in State Financial Assistance from the Maharashtra government.

Chairman Sanjay Jain noted, “With these projects, we officially enter the renewables space in alignment with our long-term vision for sustainable, clean, and future-ready growth”.

Major Wins in Core EPC Segment: ₹306.3 Cr Water Infra Projects

In its core EPC vertical, the company bagged sewage treatment plant (STP) projects worth ₹306.30 crore in Chhattisgarh. The contracts involve construction and 15 years of operations and maintenance:

Location	Capacity (MLD)	Authority
Ambikapur	16, 14, 2	Municipal Corporation
Rajnandgaon	15, 26	Municipal Corporation
Korba	33	Municipal Corporation

These orders, secured in the normal course of business, underscore the company’s execution strengths in wastewater management.

Shareholding & Market Metrics

Metric	Value
Last Traded Price	₹237.76
Market Cap	₹3,977.16 Cr
52-Week Range	₹182 – ₹391.60
Adjusted P/E	50.97
Traded Volume (24 Jun)	8.84 lakh
Delivery %	34.41%

Outlook

With strategic expansion into renewables and major project wins in its core EPC segment, EIEL has enhanced its growth outlook. Backed by state and institutional mandates and a growing renewable pipeline, EIEL is well-positioned to tap into India’s capex cycle regarding sustainable infrastructure. The increased order inflow and sector diversification have strengthened investor confidence, leading to a sharp rally in the stock and signaling strong market approval.

About the Company

Enviro Infra Engineers Ltd, listed on NSE and BSE in November 2024, is an EPC firm with over 15 years of expertise in water and wastewater treatment. Its portfolio spans STPs, CETPs, and water supply schemes for government bodies. The company recently entered the renewable energy sector through project acquisitions and aims to balance infrastructure execution with sustainable development.

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