This is the stock’s biggest single-day gain since it listed on the exchanges in November 2024, when the stock had listed with a premium of nearly 50% against its IPO price of ₹148 apiece. Earlier this month as well, the stock had risen 16.5% on April 1.
On Saturday, April 11, the company informed the stock exchanges that it received the Letter of Empanelments for the execution of two engineering, construction and procurement (EPC) projects in Maharashtra from the Swachh Maharashtra Mission Directorate.
The first project is to develop 120.5 MLD STP under Category 1 ULBs with STP capacity below 5 MLD with 209km interception and diversion length and 887.2km sewer network on EPC basis in 306 urban local bodies under the Swachh Bharat Mission (urban) 2.0 Maharashtra.
The project, worth ₹587.2 crore, is to be completed in 24 months.
The second project is to develop 121.1 MLD STP under Category II ULBs with STP capacity 5 MLD and above and 105.5 km interception and diversion length and 433.68 km sewer network in 205 urban local bodies under the mission.
The project is worth ₹384.98 crore and is to be completed in 24 months as well.
Shares of Enviro Infra Engineers are marginally off the highs of the day, currently trading 13.2% higher at ₹195.8. The stock has risen nearly 30% in the last one month, and has nearly reversed all of its losses since the start of the year.
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