Enviro Infra Engineers Limited has informed the Exchange regarding a press release dated April 29, 2026, titled "Press release".
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Enviro Infra Engineers, through its wholly owned subsidiary EIE Renewables Private Limited, is acquiring wind EPC company Suyog Urja Limited for a total deal value of ₹311 crore in three tranches. The first tranche involves a 51% stake for ₹111 crore, followed by 24% for ₹108.85 crore in 2027 and the remaining 25% for ₹91.15 crore in 2028, taking ownership to 100%. The deal is funded through a 50:50 mix of equity and debt, with tranche 2 and 3 valuations tied to KPIs (cumulative PAT of ₹175 crore over FY26–28 and an opening order book above ₹1,090 crore by April 2028). Suyog Urja is asset-light, zero-debt, with PAT margins above 11%, FY26 expected revenue of ₹355 crore and PAT of ₹38 crore, backed by a ~₹650 crore order book, 500+ MW of projects completed and 600 MW under execution. Post-acquisition, Enviro's consolidated order book rises to approximately ₹5,600 crore, adding wind EPC capabilities to its existing solar, BESS and water/wastewater businesses.
The acquisition meaningfully diversifies Enviro into the high-growth wind EPC segment and lifts its consolidated order book to ~₹5,600 crore, which is positive for long-term revenue visibility. Near-term impact may be muted due to phased payments and a 50% debt funding mix, but successful achievement of KPI-linked tranches could drive earnings growth and potential re-rating.