ENVIRO INFRA ENTERS WIND ENERGY SPACE AFTER BUYING SUYOJ URJA IN Rs 311 CRORE DEAL

, through it's subsidiary EIE Renewables Private Limited, will acquire 100% stake in Suyog Urja Limited in a phased transaction aimed at strengthening the company's renewable energy business, mainly in wind power. The total consideration for this deal is Rs 311 crore and the transaction is expected to be completed by Jul28. Having a market cap of Rs 3,889 crore, has given a strong ROCE and ROE of 31.7% and 27.4%. Moreover, it's stock is trading at an attractive P/E of 18.4 making it a fair value to buy for long term investing.