Enviro Infra Engineers shares rise 5% on Rs 224 crore wind EPC order from Tata Power RE
Enviro Infra Engineers shares sharply after its step-down subsidiary Suyog Urja received a Rs 224.19 crore LOI from Tata Power Renewable Energy for EPC works on a 180 MW NTPC wind project in Maharashtra. The contract covers foundation, balance-of-plant and transmission-line works, strengthening the company’s renewable energy portfolio.
Enviro Infra Engineers shares increased by 4.70% on Thursday, reaching a day high of Rs 215 on the NSE. The boost in the company's stock comes after it secured a Rs 224.19 crore letter of intent (LOI) from Tata Power Renewable Energy for a wind engineering, procurement and construction (EPC) project. The project involves the development of a 180 MW NTPC Wind Power Project at Parli, Maharashtra.
Through its subsidiary Suyog Urja Limited, Enviro Infra Engineers will handle a variety of tasks including foundation work for 58 wind turbines, balance of plant development and construction of a 33 kV transmission line. The contract, which is binding by March 31, 2027, strengthens Enviro Infra Engineers' position in the renewable energy sector and emphasizes its capabilities in large-scale clean energy infrastructure projects.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
