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Enviro Infra Arm Wins Rs 228 Cr Wind Project in Maharashtra

Enviro Infra
Enviro Infra said its promoters and group companies have no interest in ARIE Energy.

Enviro Infra Engineers shares touched a day high of Rs 196.00 on Thursday after its arm won a Rs 228 crore wind power project in Maharashtra.

The order went to Suyog Urja Limited, a step-down subsidiary of Enviro Infra Engineers Limited.

ARIE Energy LLP, a domestic firm, sent it a Letter of Intent dated 14 October. Such letters usually come before a formal contract is signed.

The job is worth Rs 228 crore, excluding GST. It covers a 100 MW wind farm, the Ajani Wind Power Project, at Ajani in Latur district.

MW stands for megawatt, a measure of how much power the farm can produce. It is a turnkey contract, so one company handles the whole job.

Suyog Urja will handle the design, procurement, and construction of the project. The wind farm is due by 31 July 2027, under 10 months after the letter.

Enviro Infra said its promoters and group companies have no interest in ARIE Energy, so the deal is not a related-party transaction.

Related-party deals are those struck with firms linked to a company’s own owners. The filing reached NSE at about 5:15 pm on 14 October.

Wind work is a second line for a company best known for water and wastewater projects. The wider business is growing, though.

Sources reports that revenue from operations in the June 2026 quarter rose 49.09% from a year earlier to Rs 359.2 crore, and that the order book stood at Rs 6,720.8 crore.

Net profit rose more slowly, by 6.43% to Rs 45.21 crore. Suyog Urja won another wind job in September.

Tata Power Renewable Energy Limited gave it an order for a 180 MW project in Parli, also in Maharashtra.

At 10:51 am on Thursday, Enviro Infra Engineers was trading at Rs 190.50 on NSE, up by 2.98% from Wednesday’s close of Rs 184.98. The stock opened at Rs 191.20 and has touched a low of Rs 189.10 so far.

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