SUL wins ₹207.47 crore hybrid energy EPC contract

1 min read     Updated on 28 May 2026, 05:04 AM
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Suyog Urja Limited (SUL), a step-down subsidiary of Enviro Infra Engineers Limited, has been awarded a ₹207.47 crore EPC contract by CGE 30 Hybrid Energy Private Limited for a hybrid renewable energy project. The scope includes land aggregation, BoP works, and comprehensive civil and electrical infrastructure for wind and solar components, with execution set for completion by June 30, 2027.

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Suyog Urja Limited (SUL), a step-down subsidiary of Enviro Infra Engineers Limited , has secured a contract worth ₹207.47 crore for the engineering, procurement, and construction (EPC) of a hybrid renewable energy project. The order, awarded by CGE 30 Hybrid Energy Private Limited, encompasses land aggregation and development along with Balance of Plant (BoP) works. This domestic contract is valued at ₹207.47 crore, excluding GST, and is scheduled for execution by June 30, 2027.

The scope of the EPC contract includes comprehensive civil and electrical works for a project comprising both wind and solar components. Specific tasks involve the supply of cranes for Wind Turbine Generator (WOEG) installation, storage handling, inter-carting of WOEG, and installation services. Additionally, the mandate covers the development of solar project-related infrastructure, evacuation facilities, testing, commissioning, and handover, alongside other enabling works and land or Right of Way (ROW)-related activities.

The intimation regarding the contract award was received by the company on May 27, 2026, at 01:49 P.M. The filing confirms that the promoter, promoter group, or group companies hold no interest in the entity awarding the contract. Furthermore, the transaction does not qualify as a related party transaction.

Contract Details

Particulars Details
Entity awarding the order CGE 30 Hybrid Energy Private Limited
Nature of order EPC contract for land aggregation and BoP works
Project type Hybrid renewable energy (Wind and Solar)
Execution timeline By June 30, 2027
Contract value ₹207.47 Crore (excluding GST)
Category Domestic

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How will this ₹207.47 crore order impact Suyog Urja Limited's revenue projections for the current and upcoming fiscal years?

What are the potential margin implications for Suyog Urja given the comprehensive scope of land aggregation and BoP works?

Does this contract signal a strategic shift for Suyog Urja towards hybrid renewable energy projects compared to standalone solar or wind ventures?

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Enviro Infra Engineers Receives Arbitral Award of ~₹8.65 Crore Against HSIIDC for Two CETP Projects

2 min read     Updated on 06 May 2026, 01:14 PM
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Enviro Infra Engineers Limited has received a common arbitral award of aggregate approximately ₹8.65 crore (including interest and litigation costs) against HSIIDC, covering two CETP projects in Faridabad and Rohtak. The award, passed by the Learned Sole Arbitrator under DIAC, grants ₹4,75,07,724 for the Faridabad project and ₹3,34,68,894 for the Rohtak project, along with interest at 16% per annum simple from January 1, 2026 on principal sums of VAT and Service Tax till full discharge. The company is also entitled to legal costs of ₹14 lakh per reference and a refund of all fees deposited with DIAC. The signed award was received on 06.05.2026, and the arbitral proceedings now stand concluded.

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Enviro Infra Engineers Limited has received a common arbitral award of aggregate approximately ₹8.65 crore (including interest and litigation costs) in its favour against Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC). The award was passed by the Learned Sole Arbitrator under the aegis of the Delhi International Arbitration Centre (DIAC), concluding two arbitration cases that the company had initiated in the year 2022 against HSIIDC for non-payment of legitimate dues during the course of two projects. A signed copy of the award was received by the company from its legal counsel, Mr. Sahil Garg, on 06.05.2026.

Background of the Arbitration Cases

The company had initiated arbitration proceedings in 2022 before the DIAC against the State of Haryana through HSIIDC, seeking recovery of dues pertaining to the following two projects:

  • Faridabad Project: Construction, commissioning, and operation & maintenance of a 10.5 MLD Common Effluent Treatment Plant (CETP) at Faridabad, including Operation & Maintenance for a period of 120 months.
  • Rohtak Project: Construction, commissioning, and operation & maintenance of a 10.0 MLD Common Effluent Treatment Plant (CETP) at Rohtak, including Operation & Maintenance for a period of 120 months.

Both matters were adjudicated together under a common arbitral proceeding, with the Learned Sole Arbitrator passing a consolidated award in favour of Enviro Infra Engineers.

Details of the Arbitral Award

The award specifies separate amounts for each project, along with additional entitlements related to interest, costs, and fees. The key financial details of the award are presented below:

Parameter: Details
Amount Awarded – Faridabad Project: ₹4,75,07,724
Amount Awarded – Rohtak Project: ₹3,34,68,894
Interest Rate (on principal sums of VAT and Service Tax): 16% per annum simple from January 1, 2026 till full discharge
Legal Costs Assessed (per reference): ₹14 lakh
Total Aggregate Award (approx., incl. interest & litigation costs): ₹8.65 crore

In addition to the principal amounts awarded, the company is entitled to the entire costs of both references. The respondent, HSIIDC, is liable to refund the entire fees and expenses deposited by the company with DIAC on account of either reference, and is further liable to pay legal costs assessed at ₹14 lakh in each reference to the company.

Conclusion of Arbitral Proceedings

The arbitral proceedings have been formally concluded, with the rights and liabilities of the parties determined in terms of the said award. The disclosure was made pursuant to Regulations 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in terms of the SEBI Master Circular dated 30.01.2026. The update was submitted by Piyush Jain, Company Secretary & Compliance Officer of Enviro Infra Engineers Limited.

Historical Stock Returns for Enviro Infra Engineers

1 Day5 Days1 Month6 Months1 Year5 Years
-0.64%+8.69%-0.30%-4.78%-14.81%-0.52%

Will HSIIDC challenge the arbitral award in a higher court, and how might a prolonged legal battle affect Enviro Infra Engineers' cash flow and project execution timelines?

How could the successful recovery of ₹8.65 crore influence Enviro Infra Engineers' bidding strategy and risk appetite for future government infrastructure contracts?

Given the history of payment disputes with HSIIDC, are there other ongoing or potential arbitration cases that Enviro Infra Engineers may pursue against state agencies?

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