Effwa Infra wins ₹44.30 Cr ZLD project from JSW JFE Electrical Steel
Effwa Infra & Research Limited secured a ₹44.30 Crore order from JSW JFE Electrical Steel for a ZLD-based ETP project. The contract includes supply, services, and three years of O&M. Execution will take 12-15 months, followed by a three-year O&M period.

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Effwa Infra & Research Limited has secured a contract worth ₹44.30 Crores from JSW JFE Electrical Steel for a Zero Liquid Discharge (ZLD) project. The order encompasses the manufacture, supply, and supervision services for an Effluent Treatment Plant (ETP) based on ZLD technology. This project reinforces the company's position in the environmental engineering sector, specifically within the steel industry.
The scope of work awarded by JSW JFE Electrical Steel includes design, engineering, supply, supervision of installation, commissioning, and operation & maintenance (O&M) of the plant. The contract is domestic in nature, and the company confirmed that neither the promoter group nor group companies hold any interest in the entity awarding the order. The transaction does not fall under related party transactions.
The financial structure of the contract is divided into supply and services, and O&M. The supply and services component is valued at ₹37.30 Crores (Excl GST), while the O&M for three years is priced at ₹7.00 Crores (Excl GST). The total contract value amounts to ₹44.30 Crores, with GST applicable at 18%.
| Contract Component | Value (Excl GST) |
|---|---|
| Supply + Services | ₹37.30 Crores |
| O&M (3 years) | ₹7.00 Crores |
| Total Contract Value | ₹44.30 Crores + GST @ 18% |
The tenure of the project is set for 12-15 months from the effective date for execution. Following the commissioning of the plant, the operation & maintenance phase will extend for three years. effwa infra & research specializes in end-to-end effluent and sewage treatment solutions, with a strong focus on ZLD systems.
Effwa Infra & Research Limited offers integrated services across engineering, consultancy, procurement, construction, commissioning, and O&M. The company caters to diverse sectors including power, mining, steel, and oil & gas, with execution capabilities ranging from 3 MLD to 135 MLD. The company is currently executing the largest-capacity ZLD project under execution in India.
Historical Stock Returns for Effwa Infra & Research
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.40% | -4.76% | +15.67% | +73.59% | +59.41% | +123.69% |
How will this contract impact Effwa Infra's revenue and profitability over the next fiscal year?
Could this win serve as a catalyst for securing similar ZLD projects from other major players in the steel industry?
What is the company's strategy for managing the operational risks associated with the three-year O&M commitment?



























