A prominent player in environmental infrastructure, known for water management solutions, announces significant developments.
The company has secured major domestic water treatment projects valued at Rs. 306.30 crore while simultaneously making a strategic move into the renewable energy sector through the acquisition, signalling a key diversification.
Enviro Infra Engineers Limited’s stock, with a market capitalisation of Rs. 4,160.94 crores, rose to Rs. 241.90, hitting a high of up to 14.4 percent from its previous closing price of Rs. 211.45. Furthermore, the stock over the past year has given a return of 15.52 percent.
Enviro Infra Engineers Ltd has secured new domestic water infrastructure projects worth Rs. 306.30 crore. The contracts include the design, construction, and 15 years of operation & maintenance (O&M) of sewage treatment plants (STPs) in Chhattisgarh. The projects involve STPs of varying capacities in Ambikapur (16, 14, and 2 MLD), Rajnandgaon (15 and 26 MLD), and Korba (33 MLD), awarded by respective municipal corporations.
News Courtesy : Trade Brains