Enviro Infra Engineers Limited has informed the Exchange about General Updates
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Enviro Infra Engineers, previously focused on water and wastewater EPC, is entering the renewable energy sector with two solar project acquisitions totalling 69 MW capacity. The first involves a 40 MW solar project in Bolangir, Odisha, through the awarded acquisition of Vento Power Infra Private Limited at a cost of ₹115.61 crores, with a tariff of ₹4.10 per unit for about 18 years; this project has already achieved Partial Commercial Operation Date. The second is a 29 MW solar project in Maharashtra via the acquisition of Soltrix Energy Solution Private Limited through wholly owned subsidiary EIE Renewables, supported by ₹92.80 crores in state financial assistance and a tariff of ₹0.88 per unit over 25 years. Together, the projects bring in long-term revenue visibility through power purchase agreements of 18–25 years. The move marks a strategic diversification from the company's traditional water and wastewater EPC business into clean energy.
This is a positive diversification move that opens a new high-growth revenue stream with long-term contracted cash flows, likely to be viewed favourably by the market. Existing shareholders benefit from expanded business scope, though the company will need to deliver execution and integration to justify the ₹115+ crore capital deployment.