Concord Enviro Systems arm bags ₹16-cr order for zero liquid discharge systems

Concord Enviro Systems arm bags ₹16-cr order for zero liquid discharge systems


Environmental engineering solutions firm Concord Enviro Systems Ltd on Tuesday (June 2) said its material wholly-owned subsidiary, Rochem Separation Systems (India) Private Ltd, has secured an order worth about ₹16 crore from a specialised rail engineering and manufacturing company.

The order is for the design, fabrication, supply, transportation, unloading, installation, erection, testing and commissioning of ETP and zero liquid discharge (ZLD) systems, along with STP and WTP systems. The company said the order has been awarded by a domestic entity and will be executed over a period of 28 weeks.

Concord Enviro Systems said the order was received in the ordinary course of business and is expected to strengthen the company’s consolidated order book and contribute to revenue visibility during the execution period.

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Concord Enviro Systems shares list at ₹826, an 18% premium to their issue price

The company added that the promoter, promoter group and group companies do not have any interest in the entity awarding the contract, and the transaction does not fall under related party transactions.

Concord Enviro Systems provides water and wastewater treatment solutions, including ZLD systems, effluent treatment, desalination and membrane-based separation solutions through its subsidiary Rochem Separation Systems (India).

Concord Enviro Systems is an integrated solutions provider for industrial wastewater reuse and zero liquid discharge solutions, with an in-house position across the value chain. The company’s reach extends to diverse regions with exports to countries in North America, Latin America, Africa, the Middle East, and Southeast Asia.

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Shares of Concord Enviro Systems Ltd ended at ₹257.30, down by ₹15.85, or 5.80%, on the BSE today, June 2.



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