Enviro Infra Engineers Limited has informed the Exchange about Acquisition
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Enviro Infra Engineers Limited's wholly owned subsidiary EIE Renewables Private Limited has entered into a Share Purchase Agreement to acquire 100% of Suyog Urja Limited. The acquisition will be completed in phases: 51% equity stake acquired immediately, with the remaining 49% to be acquired within 27 months (by July 31, 2028). The deal value is approximately ₹311 crore in cash consideration. Suyog Urja is a renewable energy infrastructure company specializing in wind and solar projects across India, with over 500 MW of completed projects and an order book of ₹645 crore. The target company reported turnover of ₹171.99 crore in FY 2024-25 with a networth of ₹30.34 crore. The former promoter will continue for 3 years to ensure operational continuity. This acquisition is not a related party transaction.
This acquisition strengthens Enviro Infra's renewable energy vertical by adding wind energy capabilities and expanding its project portfolio. With a ₹645 crore order book and proven execution track record, Suyog Urja is expected to contribute meaningfully to the company's revenues and strengthen its market position in the renewable energy sector.