NSE:EIEL

4 stories mentioning NSE:EIEL

Every FINWIRES story that references NSE:EIEL, newest first.

Enviro Infra Engineers' Arm to Acquire 100% of Indian Wind Energy Firm

Wastewater treatment company Enviro Infra Engineers (NSE:EIEL, BOM:544290), through its wholly-owned subsidiary, EIE Renewables, agreed to acquire a controlling stake in wind energy company Suyog Urja, according to a Wednesday filing to the Indian stock exchanges.The deal is valued at 3.11 billion Indian rupees, payable in three tranches, with the first tranche of 1.11 billion rupees for 51% equity.This will be followed by 24% for 1.09 billion Indian rupees in 2027, and the remaining 25% for 911.5 million rupees in 2028, taking total ownership to 100%. The transaction will be funded through a 50:50 mix of equity and debt.On completion of the transaction, the consolidated order book of the ENVIRO group stands at around 56 billion rupees.The company's shares were up over 1% in recent trade.

BOM:544290NSE:EIEL

Asia54d ago

Enviro Infra Unit Buys 49% Stake in Bihar BESS Project SPV

Enviro Infra Engineers (NSE:EIEL, BOM:544290) said its arm EIE Renewables has acquired a 49% stake in PRA Bihar BESS for 155.1 million rupees under a share purchase and options agreement, according to a Wednesday filing on Indian bourses.The target company will develop a 37.5 MW / 150 MWh battery energy storage system project in Bihar under Build-OwnOperate & Transfer (BOOT) mode, with completion expected by May 31, 2027, the filing said.The remaining 51% stake will be acquired within 60 days from the commercial operation date of the project, the filing said.

BOM:544290NSE:EIEL

Asia60d ago

Enviro Infra Engineers Secures Orders Worth INR22.4 Billion Since March

Enviro Infra Engineers (NSE:EIEL, BOM:544290) has bagged orders worth 22.4 billion Indian rupees since March, across its water, wastewater, and renewable energy segments, according to a Thursday filing to the Indian stock exchanges.The company secured orders of 11.7 billion rupees from the water and wastewater segment and over 10.7 billion rupees from the renewable energy segment. These projects are expected to be executed over the next 15-24 months.With this, the company's current order book has increased to over 46 billion rupees."We have clear visibility on project execution and revenues to the tune of Rs 20 Crore (20 billion rupees) with steady growth over the next two years," said the company's chairman, Sanjay Jain.The company's shares were up over 1% in recent trade.

BOM:544290NSE:EIEL

Asia63d ago

Enviro Infra Engineers Gets Two Maharashtra EPC Orders Worth INR9.72 Billion; Shares Jump 12%

Enviro Infra Engineers (NSE:EIEL, BOM:544290) has received two letters of empanelment worth a combined 9.72 billion Indian rupees from the Swachh Maharashtra Mission Directorate for projects in Maharashtra, India, according to a Saturday filing on Indian bourses.Shares of the company jumped 12% in Monday's trade.The first project, valued at 5.87 billion rupees, involves the development of 120.50 MLD sewage treatment plant along with 209 km interception and diversion network and 887.20 km sewer network across 306 urban local bodies, the filing said.The second project, worth 3.85 billion rupees, covers the development of 121.10 MLD sewage treatment plant along with 105.50 km interception and diversion network and 433.68 km sewer network across 306 urban local bodies, it added.Both projects will be executed on an engineering, procurement and construction basis within 24 months, the filing said.

BOM:544290NSE:EIEL