Enviro Infra Engineers Jumps 10% on Rs 411 Cr Bihar Project

Shares of Enviro Infra Engineers Ltd rallied 10% to touch the day’s high of Rs 170 on 12th March. This came after the company said it had won a Rs 411.08 crore project for a sewerage network in Aurangabad, Bihar.

Enviro Infra Engineers said it received the Letter of Acceptance from Bihar Urban Infrastructure Development Corporation Ltd. on Wednesday.

The contract relates to the Aurangabad Sewerage Network and STP Scheme under AMRUT 2.0.

The project includes engineering, procurement and construction (EPC) of a 20 MLD sewage treatment plant. It also includes related structures and supporting works.

It also involves building eight pumping stations with a 5,400-metre rising main. Additionally, it covers developing a 196 km sewerage network in Aurangabad, Bihar.

Under the contract, the EPC portion will be completed within 15 months of the start date. After this, there will be 5 years of operation and maintenance.

Stocks such as Enviro Infra, Shakti Pumps and EMS have been in focus since Wednesday. This happened after the Union Cabinet extended the Jal Jeevan Mission until 2028 and increased the allocation for the scheme.

At 11:18 AM, shares of Enviro Infra were trading 6.67% higher at Rs 163.18 on the NSE.

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