Enviro Infra Engineers Limited (EIEL) has made a significant move in the renewable energy sector by acquiring Vento Power Infra Private Limited for ₹115.6 crore. The acquisition was carried out through EIEL's wholly-owned subsidiary, EIE Renewables Private Limited, marking a strategic expansion into the sustainable energy market.

Acquisition Details

The acquisition, completed on August 20, 2025, includes a 40 MW solar project located in the Bolangir District of Odisha. This project is set to sell solar power at a tariff of ₹4.1 per unit for approximately 18 years, providing a stable long-term revenue stream.

Strategic Importance

This move aligns with Enviro Infra Engineers' long-term vision to expand into sustainable and future-oriented business segments. The company stated that the acquisition would enable them to tap into the opportunities prevailing in the renewable energy sector.

Financial Aspects

The all-cash deal valued at ₹115,60,60,660 gives EIEL 100% control of Vento Power Infra. The acquired company's financial profile reveals:

Vento Power Infra's turnover for the past three years shows a slight decline:

Corporate Structure

Following the acquisition, Vento Power Infra has become a wholly-owned subsidiary of EIE Renewables Private Limited and a step-down wholly-owned subsidiary of Enviro Infra Engineers Limited.

Transaction Advisors

Deloitte Touche Tohmatsu India LLP acted as the sell-side transaction advisor, with Saraf and Partners serving as the legal advisor for this transaction.

This acquisition represents a significant step for Enviro Infra Engineers in diversifying its portfolio and strengthening its position in the renewable energy sector. The move is expected to contribute to the company's growth in the sustainable energy market, leveraging the increasing demand for clean power solutions.

Enviro Infra Engineers Limited , a leading player in the water and waste treatment sector, has reported robust financial results for the first quarter, along with significant order wins and strategic expansions.

Strong Financial Performance

The company reported a revenue of Rs 241.00 crores for Q1, marking a 17.4% year-on-year growth. EBITDA reached Rs 64.00 crores, up 25.2% from the previous year, with a healthy margin of 26.7%. Profit after tax (PAT) saw an impressive growth of 41.8%, reaching Rs 42.00 crores with a margin of 17%.

Substantial Order Inflow

Enviro Infra Engineers secured fresh orders worth Rs 1,178.00 crores during the quarter, significantly boosting its order book. The company's total execution order book now stands at Rs 2,051.00 crores, spread across 21 active projects. This robust order book provides strong revenue visibility for the coming quarters.

Key Project Wins

A standout among the new orders is a Rs 395.00 crores Zero Liquid Discharge (ZLD) project in Maharashtra. This project marks the company's entry into the advanced wastewater treatment segment, utilizing cutting-edge technologies such as ultrafiltration, reverse osmosis, and mechanical vapor recompression.

Diversification into Renewable Energy

In a strategic move, Enviro Infra Engineers has expanded into the renewable energy sector by securing two solar power projects:

1. A 40 MW solar asset in Odisha, with 24 MW already operational.
2. A 29 MW solar power project in Maharashtra, backed by state financial assistance.

These projects are being executed through the company's subsidiary, EIE Renewables, showcasing Enviro Infra's commitment to diversifying its portfolio and contributing to clean energy initiatives.

Management Commentary

Manish Jain, Managing Director of Enviro Infra Engineers, expressed confidence in the company's growth trajectory, stating, "We look forward to having a 35-40% CAGR growth for at least the next five years. We understand that till 2030, we have that vision and can look forward to this type of growth."

Future Outlook

The company maintains a positive outlook, citing significant opportunities in government schemes such as AMRUT 2.0, which has a total budgetary outlay of approximately Rs 3.00 lakh crores. With only about Rs 30,000.00 crores spent till FY2025, there remains substantial potential for growth in the sector.

Addressing Challenges

The company reported a cyber fraud incident resulting in a loss of Rs 11.15 crores, of which Rs 2.50 crores has been recovered. In response, the company has strengthened its internal controls and the Chairman and Managing Director have voluntarily foregone their remuneration until the loss is fully recovered.

Conclusion

Enviro Infra Engineers' strong Q1 performance, coupled with its strategic expansions and robust order book, positions the company well for sustained growth in the water treatment and renewable energy sectors. The management's confident outlook and proactive approach to addressing challenges underscore the company's resilience and potential for long-term value creation.