Enviro Infra Engineers shares rise 3% on ₹224 crore Tata Power Renewable Energy order

Enviro Infra Engineers shares gained nearly 3% in early trade on September 10 after the company received a Letter of Intent from Tata Power Renewable Energy for an EPC turnkey project worth ₹224.19 crore, including GST.

The order has been secured through the company's step down subsidiary Suyog Urja and relates to a 180 MW NTPC wind power project at Parli in Maharashtra. The project is scheduled for completion by March 31, 2027.

Enviro Infra Engineers share price today

Enviro Infra Engineers was trading at ₹211.50 at 9:18 AM, up ₹5.60 or 2.72% on the BSE. The stock had closed at ₹205.90 in the previous session, after gaining 4.97%.

The stock has traded between a 52 week high of ₹276.05 and a low of ₹135.00. Its market capitalisation stands at around ₹3,614 crore.

Stock metric	Value
Current price	₹211.50
Market cap	₹3,614 crore
52 week high	₹276.05
52 week low	₹135.00
Distance from 52 week high	25.41% below
Distance from 52 week low	52.52% above

What is the ₹224 crore Enviro Infra Engineers order?

The ₹224.19 crore EPC order covers several parts of the 180 MW wind project. Suyog Urja will carry out foundation work for 58 wind turbine generators, including civil works, reinforcement steel and geotechnical requirements.

The scope also includes balance of plant work, development of an approximately 39 acre storage yard, access roads and crane pads, along with construction and commissioning of a 33 kV transmission line.

Enviro Infra Engineers gets second order from Tata Power Renewable Energy

The latest LoI comes shortly after Suyog Urja received an EPC turnkey contract worth ₹189.99 crore on September 8 for the same 180 MW NTPC wind power project at Parli in Maharashtra.

Together, the two project wins highlight the company's growing involvement in wind power infrastructure and EPC work. The latest order is expected to be completed by March 31, 2027.

Tata Power stock details

Tata Power Renewable Energy is part of Tata Power, which operates across electricity generation, transmission and distribution, with a focus on expanding its renewable energy business.

Tata Power stock metric	Value
Current price	₹367
Market cap	₹1,17,365 crore
52 week high	₹465
52 week low	₹342
Stock P/E	30.0
Book value	₹124
ROCE	10.5%
ROE	10.2%
Dividend yield	0.68%

Enviro Infra Engineers stock performance

The stock remains above its 52 week low despite being below its previous peak. Based on the supplied market data, Enviro Infra Engineers investors will now track the execution of the new wind project and the company's ability to convert its order pipeline into revenue.

The ₹224.19 crore Tata Power Renewable Energy order and the earlier ₹189.99 crore contract bring fresh project activity into focus as the company works on renewable energy infrastructure projects.