Announced Fri, 3 Jul · 16:50 IST
Enviro Infra wins Rs 130 Cr sewage treatment project in Varanasi
EIEL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹235.70
prior close
₹240.00
base price
After-mkt
timing
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Up moveDown movePending
AI summary
Enviro Infra Engineers received a Letter of Acceptance from UP Jal Nigam (Rural) for developing a 60 MLD Sewage Treatment Plant at Lohta, Varanasi. The Rs 130.14 crore order (excluding GST) will be executed under the Namami Gange Programme on Hybrid Annuity PPP model. Construction takes 21 months plus 3 months trial, followed by 15 years O&M. Project executed through SPV Varanasi Lohta STP Pvt Ltd. Order is domestic with no related party interest.
Likely market impact
Government order under Namami Gange strengthens order book and gives long-term revenue visibility via 15-year O&M.