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Enviro Infra Engineers Limited, through its step-down subsidiary Suyog Urja Limited, has received a Letter of Intent (LOI) worth ₹224.19 crore, including GST, from Tata Power Renewable Energy Limited.
The LOI is for EPC turnkey works for a 180 MW NTPC Wind Power Project at Parli, Maharashtra, with the project scheduled to be executed by March 31, 2027.
The scope includes civil foundation works for 58 Wind Turbine Generators (WTGs), Balance of Plant (BoP) works and construction and commissioning of a 33 kV transmission line.
The project also involves development of an approximately 39-acre storage yard, construction of access roads, pathways and crane pads, along with right-of-way management and other supporting infrastructure.
The development strengthens Enviro Infra's growing presence in the renewable energy EPC segment. The company has been expanding beyond its traditional water and wastewater infrastructure business through its renewable-energy platform and the acquisition of Suyog Urja.
Investor Takeaway: The project provides additional revenue visibility and strengthens Enviro Infra's exposure to India's expanding wind-energy infrastructure market. The order also demonstrates the company's ability to participate in larger renewable-energy EPC projects.#FundamentalViews#EquityResearch#Miscellaneous
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