Promoter bought 34316 shares & Rs 1185.50 crore order book: Infra engineering Forays into ZLD Space with Rs 400 Crore CETP EPC Order in Maharashtra

Enviro Infra Engineers Limited (EIEL) announced on July 10, 2025, a significant step into the Zero Liquid Discharge (ZLD) space with a new project valued at Rs 400 Crores. This project marks the company's foray into advanced wastewater treatment technologies, including Ultrafiltration, RO, and MVR (Multiple Vapor Recompression). The order was secured from the Maharashtra Industrial Development Corporation (MIDC) and aims to control pollution in the Panchganga River.

The project's scope involves the upgradation of Common Effluent Treatment Plants (CETPs) with advanced ZLD technology in the co-operative industrial estates of Ichalkaranji, Hatkanangale, and Yadrav in the Kolhapur district of Maharashtra. The comprehensive work includes design, supply, installation, construction, testing, start-up, commissioning, performance guarantee testing, and ongoing operation and maintenance of the CETPs. With a completion timeline of 24 months, this assignment is considered one of the largest and most critical environmental infrastructure projects under MIDC's river pollution abatement program.

Commenting on the development, Sanjay Jain, Chairman, Enviro Infra Engineers Limited, said: “Securing this project marks a pivotal moment for us, as we enter the ZeroLiquid Discharge space with a technically advanced, environmentally significant assignment. It not only underlines our engineering capabilities but also represents our strategic expansion into Maharashtra, a state that holds immense potential for sustainable infrastructure development. We are proud to contribute to the environmental restoration of the Panchganga River and look forward to delivering the project to the highest standards.”

According to Quarterly Results, the net sales increased by 31 per cent to Rs 392.9 crore and net profit increased by 30 per cent to Rs 74.1 crore in Q4FY25 compared to Q4FY24. Looking at its annual results, the net sales increased by 46 per cent to Rs 1,066.1 crore and net profit increased by 66 per cent to Rs 177.1 crore in FY25 compared to FY24. Total Debt was Rs 234.1 crore, and the Debt-to-Equity Ratio significantly improved to 0.24 from 0.80. Return on Capital Employed (ROCE) was a healthy 22.62 per cent. Operationally, the company boasted a strong order book of Rs 1,185.50 crore for execution and Rs 806 crore for operation and maintenance as of March 31, 2025, with an additional Rs 200 crore in new orders for FY26.

Enviro Infra Engineers Limited (EIEL) has recently secured new projects worth Rs 306.30 crore. These projects are all in the water and wastewater treatment sector in India. They involve building several Sewage Treatment Plants (STPs) in different cities of Chhattisgarh, including Ambikapur, Rajnandgaon, and Korba. For each of these STPs, EIEL will also be responsible for their operation and maintenance for 15 years.

In a new strategic move, EIEL is entering the renewable energy sector by acquiring two solar power projects totalling 69 MW (Megawatts) of capacity. One project is a 40 MW solar plant in Odisha, which EIEL is acquiring for Rs 115.61 crore. The electricity from this plant will be sold for Rs 4.10 per unit for about 18 years. The second solar project is a 29 MW plant in Maharashtra. This project will receive financial assistance of Rs 3.20 crores per MW, which adds up to a total of Rs 92.80 crore in support. The electricity generated from this plant will be sold at a tariff of Rs 0.88 per unit for 25 years.

The promoter of the company bought 34,316 shares in June 2025 worth Rs 80 lakh. The company has a market cap of over Rs 4,200 crore. As of March 2025, the order book stands at Rs 1,185.50 crore. Listed peers of Enviro Infra Engineers Ltd are EMS Ltd, Ion Exchange (India) Ltd, VA Tech Wabag Ltd and Vishnu Prakash R Punglia Ltd.

Disclaimer: The article is for informational purposes only and not investment advice.