Enviro Infra Engineers Targets 35–40% CAGR, Expands into Solar

Enviro Infra Engineers has unveiled an ambitious growth plan, aiming for a 35–40% CAGR in its water and wastewater treatment business, targeting at least a four-fold revenue increase by FY30. The company expects 2.5x to 3x earnings growth in three years and core EBITDA margins of 22–24% by FY26. To diversify, it has entered the renewable energy sector by acquiring two solar projects (Odisha and Maharashtra) with a combined 69 MW capacity, expected to deliver 18–20% EBITDA margins and 13.5–14% IRR. The company also plans to expand into B2B clients like refineries and power plants and explore international markets, moving beyond its government-project-heavy order book.