Enviro Infra Engineers Shares Surge 10% on ₹190 Crore NTPC Wind Project Win in Maharashtra
· Business · LiveMint, NDTV
Enviro Infra Engineers’ shares jumped nearly 10% after securing an ₹189.99 crore EPC contract for an 180 MW wind power project in **Parli, Maharashtra**, awarded by **Tata Power Renewable Energy Limited**. The contract, executed through its subsidiary **Suyog Urja Limited (SUL)**, includes critical works like WTG foundation construction, geotechnical activities, and a 33 kV transmission line, with completion slated by **March 31, 2027**. The project strengthens the company’s foothold in India’s renewable energy sector, though its stock performance has been mixed over recent periods. The order underscores NTPC’s push for wind energy expansion, with Maharashtra emerging as a key hub for such infrastructure. No financial risks or delays were disclosed in the announcement.
Why it matters
The ₹190 crore contract bolsters **Enviro Infra Engineers’** revenue in India’s booming renewable energy sector, benefiting its subsidiary SUL and potentially attracting more EPC orders. For **NTPC and Tata Power**, it validates Maharashtra’s role in India’s wind energy transition, while investors gauge whether this momentum translates into sustained stock growth or broader sectoral gains. The project also aligns with India’s **renewable energy targets**, reducing reliance on fossil fuels and cr
Read the original report — LiveMint
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.