Effwa Infra & Research Stock in Focus After Securing ₹57.94 Cr ZLD Project From NMDC Steel

Synopsis: Effwa Infra & Research Limited has secured a turnkey Zero Liquid Discharge (ZLD) project worth Rs. 57.94 crore from NMDC Steel Limited for its integrated steel plant at Nagarnar. The contract strengthens the company’s order book and reinforces its position in the growing industrial wastewater treatment and environmental engineering sector.

Effwa Infra & Research has a total market capitalization of Rs. 715.13 crore, according to data on the NSE. Effwa Infra & Research shares were trading at Rs. 308.75 apiece on the National Stock Exchange, up by 2.61 percent; the stock has surged around 11.08 percent over the last five sessions, while it has gone up about 14.46 percent in the 30 days, Whereas on a year-on-year basis it has increased nearly 35.65 percent, reflecting positive overall performance. The stock’s 52-week high was Rs. 311 and 52-week low was Rs. 165. 

Effwa Infra & Research Limited has announced that it has secured a new domestic contract worth Rs. 57.94 crore, including taxes, from NMDC Steel Limited, Nagarnar. The order has been awarded for the installation of Dissolved Air Floatation (DAF), Pretreatment, and Zero Liquid Discharge (ZLD) Plant on a turnkey basis for the 3.0 MTPA Integrated Steel Plant located at Nagarnar near Jagdalpur, Chhattisgarh.

The scope of work includes design and engineering, supply, manufacturing and procurement, civil works, erection, testing, commissioning, performance guarantee tests, and complete installation of the Dissolved Air Floatation, Pretreatment, and Zero Liquid Discharge systems. The project is scheduled to be executed within 11 months from the effective date of the contract.

The order is strategically important for Effwa Infra as it further strengthens the company’s order book and enhances revenue visibility over the coming quarters. Large-scale industrial wastewater treatment projects generally provide long-term execution opportunities and demonstrate a company’s technical expertise in handling complex environmental infrastructure requirements.

The project also highlights the increasing adoption of Zero Liquid Discharge systems by heavy industries as environmental regulations become more stringent and industries focus on water conservation and sustainable operations. ZLD solutions enable industries to recycle and reuse wastewater while minimizing environmental impact and freshwater consumption.

Effwa Infra & Research Limited has clarified that the contract does not fall under related-party transactions and that neither the promoter group nor group companies have any interest in the entity awarding the contract.

Incorporated in 2014, Effwa Infra & Research Limited is engaged in engineering, consultancy, procurement, construction, commissioning, and integrated project management services in environmental pollution control across industries. The company specializes in effluent treatment plants (ETP), sewage treatment plants (STP), water treatment systems, and Zero Liquid Discharge (ZLD) solutions.

The company caters to diverse sectors including power, mining, steel, oil & gas, and industrial manufacturing. According to the company, it is currently executing the largest-capacity Zero Liquid Discharge project under execution in India and has experience handling projects ranging from 3 MLD to 135 MLD capacities.

India’s wastewater treatment and water recycling industry continues to witness strong growth driven by stricter environmental compliance requirements, rising industrial water demand, and sustainability initiatives. Going forward, order inflows, project execution, technological advancements, and industrial capital expenditure trends will remain key factors influencing Effwa Infra’s future growth and profitability.

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