Enviro Infra Engineers Bags ₹113.51 Crore Lift Irrigation Project in Gujarat

Enviro Infra Engineers Limited (EIEL) has announced the receipt of a significant contract for a lift irrigation scheme in Gujarat. In a regulatory filing with the National Stock Exchange and BSE Limited, the company confirmed it has received a Letter of Acceptance (LoA) from Sardar Sarovar Narmada Nigam Limited for a project valued at ₹113.51 crore (excluding GST).

The contract marks a substantial addition to the company's order book, further strengthening its presence in the domestic infrastructure and water management sectors.

The project involves the execution of the Santalpur Taluka Lift Irrigation Scheme, which will serve 11 villages drawing from the Kachchh Branch Canal in the Patan district of Gujarat. The contract is structured as an Engineering, Procurement, and Construction (EPC) mandate.

Key project highlights include:

Nature of Work: EPC and subsequent Operation and Maintenance (O&M).

Timeline: The EPC phase is slated for completion within 24 months from the date of commencement.

Long-term Engagement: Following the construction phase, Enviro Infra Engineers will be responsible for the Operation and Maintenance (O&M) of the scheme for 10 years.

With a 24-month execution window and a decade-long maintenance commitment, this project provides the company with both immediate revenue visibility and a long-term service portfolio in the state of Gujarat.

Shares of Enviro Infra Engineers Limited was last trading in BSE at Rs. 212.10 as compared to the previous close of Rs. 220.15. The total number of shares traded during the day was 128222 in over 1904 trades.

The stock hit an intraday high of Rs. 218.25 and intraday low of 208.40. The net turnover during the day was Rs. 27197368.00.

Source : Equity Bulls

Keywords

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