Rs 1,185.50 crore order book: Infra engineering company acquires 100% of EIE Renewables for Rs 50 crore, Expanding into renewable energy sector!
The promoters of the company bought 1,20,211 shares and increased their stake to 70.09 per cent in March 2025 compared to December 2025.
Enviro Infra Engineers Ltd has completed the acquisition of 100% of EIE Renewables Private Limited for a total of Rs 50 crore, marking its strategic entry into the renewable energy sector. EIE Renewables, incorporated on February 18, 2025, with an authorised capital of Rs 100 crore and a paid-up capital of Rs 50 crore, will focus on generating and distributing energy from non-conventional, renewable, and sustainable sources. This acquisition aligns with Enviro Infra Engineers' long-term vision to expand into sustainable and future-oriented business segments.
The acquisition of EIE Renewables was identified as a related party transaction, as Mr. Sanjay Jain and Mr. Manish Jain, Promoter Directors of Enviro Infra Engineers, were also directors and shareholders of EIE Renewables. The transaction was conducted at "arm's length." Enviro Infra Engineers initially invested Rs 10 lakh to acquire 100,000 equity shares from existing shareholders, making EIE Renewables a wholly-owned subsidiary as of May 7, 2025. Subsequently, an additional Rs 49.90 crore was invested on June 4, 2025, through a fresh allotment of 49.90 million equity shares at face value.
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About the Company
Enviro Infra Engineers Ltd is a leading Indian infrastructure company specialising in Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities. They offer comprehensive services from design to operation and maintenance, covering Sewage Treatment Plants (STPs), Sewerage Schemes (SS), Common Effluent Treatment Plants (CETPs), Water Treatment Plants (WTPs), pumping stations, and water supply pipelines. The company has successfully executed 52 projects to date, delivering high-quality, sustainable, and Zero Liquid Discharge (ZLD) compliant solutions. Enviro Infra Engineers Ltd is also committed to sustainable development by integrating "Waste to Energy" initiatives like solar power and Compressed Bio Gas (CBG) plants.
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.
The promoters of the company bought 1,20,211 shares and increased their stake to 70.09 per cent in March 2025 compared to December 2025. The company has a market cap of over Rs 4,000 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.