Enviro Infra Engineers Acquires Wind EPC Company Suyog Urja Limited to Boost Renewable Platform

Enviro Infra Engineers Acquires Wind EPC Company Suyog Urja Limited to Boost Renewable Platform​

Enviro Infra Engineers Limited, a major player in the water and wastewater treatment sector, has announced a strategic acquisition of Suyog Urja Limited, a wind energy EPC company. The move, executed through the wholly owned subsidiary, EIE Renewables Private Limited, aims to create a diversified and integrated renewable energy platform for the group.

The strategic acquisition is designed to complement Enviro's existing expertise in water and wastewater infrastructure by expanding its capabilities across solar, wind, and Battery Energy Storage Systems (BESS) segments.

Transaction Details and Financing​

The deal is valued at ₹311 Cr and will be completed in three tranches. The total ownership structure involves taking control of the company from its erstwhile Promoter, Mr. Chetraj.

The transaction details are as follows:


The acquisition will be funded through a 50:50 mix of equity and debt. Following the acquisition, Mr. Chetraj will continue as CEO of the group.

Expanding Capabilities and Synergies​

The acquisition enables Enviro to enter the high-growth wind energy EPC segment, adding critical capabilities to its established renewable portfolio. Suyog Urja Limited brings deep domain expertise and a proven track record in project execution, with experience across over 500 MW of completed projects and 600 MW under execution.

Operational synergies are expected to strengthen multiple areas, including:

• Leveraging complementary expertise across engineering, procurement, and project execution.
• Enhancing capabilities in land acquisition, regulatory approvals, and project commissioning.
• Building a unified platform for integrated infrastructure solutions across water and renewable energy.

The combined effort aims to enhance the group’s ability to deliver end-to-end solutions, accessing a broader set of customers and project opportunities across the energy transition space.

Management Perspectives​

Mr. Sanjay Jain, Chairman of Enviro Infra Engineers Limited, stated that the acquisition marks a significant milestone in the company’s vision. He noted that the addition of wind EPC capabilities, alongside existing strengths in water treatment, solar, and energy storage, positions the company to deliver integrated, future-ready solutions to clients.

Similarly, Mr. Chetraj Khadka, CEO of Suyog Urja Limited, commented that partnering with Enviro Infra Engineers provides the right platform for Suyog Urja's next phase of growth. He stated that together, the entities are well-positioned to scale wind EPC capabilities and pursue larger, more complex projects.

Group Financial Scope​

Post-acquisition, the consolidated order book of the ENVIRO group stands at approximately ₹5,600 crore. This robust pipeline includes ₹4,400 crore in EPC (₹2,500 crore for water and ₹1,900 crore for renewables), ₹1,200 crore in O&M, and an IPP portfolio comprising 79 MW of solar and 150 MWh of BESS.

Looking at the standalone performance of Suyog Urja Limited, the company operates an asset-light, zero-debt model with PAT margins above 11%. For FY26, Suyog Urja is expected to report revenue of ₹355 crore and PAT of ₹38 crore, supported by an order book of approximately ₹650 crore.

The valuation of the ₹311 crore deal is justified by the cumulative PAT of ₹175 Crore projected for F.Y. 2026 to F.Y. 2028, alongside an opening order book projected at more than ₹1,090 crore as of April 1, 2028.

EIEL Stock Price Movement​

As of 11:08 AM, shares of Enviro Infra Engineers Limited are gaining momentum, rallying 2.27% in live trading to reach ₹221.7. The equity continues its upward movement amid the current session, supported by a robust volume of 3.16 million shares.