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News for India > Business > Enviro Infra Engineers share price jumps 6% as JV secures ₹395 crore order | Stock Market News
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Enviro Infra Engineers share price jumps 6% as JV secures ₹395 crore order | Stock Market News

Last updated: July 10, 2025 9:50 am
4 weeks ago
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Enviro Infra Engineers share price in focus today: Enviro Infra Engineers, a recent entrant to the Indian stock market, saw its shares surge 5% in early trade on Thursday, July 10, hitting a six-week high of ₹255 apiece after its joint venture with AltoraPro Infrastructure secured an order worth ₹395 crore.

The company informed the exchanges on Wednesday that it had entered into a joint venture (JV) with AltoraPro Infrastructure Pvt Ltd under the name “Enviro Infra Engineers Limited AIEPL JV.” The JV has received a Letter of Intent (LOI) dated July 8, 2025, for a project involving the design, supply, installation, construction, testing, commissioning, and operation & maintenance of a Common Effluent Treatment Plant (CETP).

The project, awarded by the Maharashtra Industrial Development Corporation (MIDC), is valued at ₹395 crore and is expected to be executed within 24 months. Enviro Infra Engineers is the lead member in the JV, and this order marks a significant addition to the company’s execution pipeline.

This marks the company’s second major order in less than three weeks. On June 23, Enviro Infra Engineers had secured engineering, procurement, and construction (EPC) contracts for sewage treatment plants (STPs), including 15 years of operation and maintenance (O&M), from various municipal corporations in Chhattisgarh. The combined value of these projects was ₹306.30 crore.

Meanwhile, the company recently forayed into the renewable energy sector by acquiring two key solar power projects with a combined capacity of 69 MW (AC).



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