Enviro Infra shares rally 6% after JV bags Rs 395 crore pollution control project in Maharashtra
shares rallied 5.8% to hit the day's high of Rs 254.90 on BSE on Thursday, after the company, as the lead partner in a
joint venture
with AltoraPro Infrastructure, secured a Rs 395 crore
pollution control project
from the
Maharashtra Industrial Development Corporation
(MIDC).
The contract involves upgrading
common effluent treatment plants
(CETPs) in Kolhapur district under the Panchganga River pollution control programme. According to the company's filing, the Letter of Intent was issued on July 8, 2025, and the project is scheduled for completion within 24 months.
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The scope of work includes design, supply, installation, construction, testing, commissioning, and operation, and maintenance of the upgraded facilities. The CETPs will feature zero liquid discharge systems and serve cooperative industrial estates in Ichalkaranji, Hatkanangale, and Yadrav.
Enviro Infra clarified that the order is domestic in nature and not a related-party transaction. None of the promoter group entities has any interest in the awarding authority.
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In June, the company announced new domestic orders worth Rs 306.3 crore for sewage treatment infrastructure across multiple municipalities in Chhattisgarh. According to the exchange filing dated June 23, 2025, the projects include EPC work for 16, 14, and 2 MLD STPs in Ambikapur, Surguja; 15 and 26 MLD STPs in Rajnandgaon; and a 33 MLD STP in Korba. All projects include 15-year operation and maintenance contracts.
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Stock performance and technical indicators
Technically, Enviro Infra's Relative Strength Index (RSI) stands at 57.9, indicating neutral momentum. The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day simple moving averages.
Year-to-date, the stock has declined 23% and is down around 18% over the past six months. Enviro Infra Engineers currently has a market capitalisation of approximately Rs 4,230 crore.
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Disclaimer
: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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