Enviro Infra Engineers shares jump nearly 6% after ₹395 crore order win

Shares of Enviro Infra Engineers Ltd (EIEL) surged as much as 5.77% on Thursday, July 10, after the company announced a major joint venture (JV) order win worth ₹395.5 crore.

The company, in a regulatory filing, said its JV with AltoraPro Infrastructure Private Limited, named Enviro Infra Engineers Limited AIEPL JV has been awarded a contract by the Maharashtra Industrial Development Corporation (MIDC). The project involves the upgradation of common effluent treatment plants (CETPs) with zero liquid discharge (ZLD) systems across cooperative industrial estates in Ichalkaranji, Hatkanangale, and Yadrav in Kolhapur.

The order is aimed at pollution control and environmental restoration of the Panchganga River, and includes design, supply, installation, construction, testing, start-up, commissioning, performance guarantee testing, operation and maintenance of the CETPs. The execution timeline is set for 24 months.

The latest order comes after ₹306 crore win last month, where the company secured contracts for multiple sewage treatment plants (STPs) in Chhattisgarh across Ambikapur, Rajnandgaon, and Korba, with 15-year operation and maintenance (O&M) clause.

Enviro Infra Engineers shares have underperformed broader markets so far this year, falling 23% year-to-date, compared to a 6.5% rise in the SENSEX.

About Enviro Infra Engineers

Enviro Infra Engineers is a key player in executing EPC (Engineering, Procurement, and Construction) projects in the water infrastructure space, with over 15 years of experience. The company specialises in wastewater treatment plants (WWTPs), water supply scheme projects (WSSPs), sewage treatment plants (STPs), sewerage schemes (SS), and CETPs, primarily for government bodies.