Enviro Infra Engineers Share Price Surges Over 2% as JV Wins ₹395.5 Crore Project from MIDC

Enviro Infra Engineers Ltd, in partnership with AltoraPro Infrastructure Pvt Ltd, has received a ₹395.5 crore order from the Maharashtra Industrial Development Corporation (MIDC). The contract is for pollution control measures across three industrial areas in Kolhapur district. Enviro Infra Engineers Ltd works in environmental engineering and infrastructure services.

The Letter of Intent (LoI) was issued on July 8, 2025. The project is focused on the Panchganga river and includes work on Common Effluent Treatment Plants (CETPs) in the industrial estates of Ichalkaranji, Hatkanangale, and Yadrav.

Project Scope and Timeline

The joint venture will handle the design, supply, construction, installation, testing, and commissioning of CETPs with Zero Liquid Discharge (ZLD) compliance. The scope also includes operations and maintenance. The project is expected to be completed within 24 months.

The venture is named "Enviro Infra Engineers Limited AIEPL JV", with Enviro Infra Engineers Ltd. acting as the lead member. The work falls under the domestic order category and is part of MIDC’s ongoing industrial infrastructure initiatives.

Contract Specifications

• Client: Maharashtra Industrial Development Corporation
• Project Type: Pollution control and CETP upgrade
• Execution Period: 24 months
• Order Value: ₹395.5 crore (excluding taxes)
• Regions Covered: Ichalkaranji, Hatkanangale, Yadrav

Read more: Enviro Infra Reports Cyber Fraud Incident Worth ₹11.15 Crore!

Enviro Infra Engineers Share Price Performance

As of 10:43 AM on July 10, 2025, Enviro Infra share price was trading at ₹247.83, a 2.78% increase. The stock has gained 16.47% over the last 12 months but is down 22.67% on a year-to-date basis.

Conclusion

The MIDC order marks a large-scale contract for the Kolhapur region, with a focus on upgraded CETP facilities to support pollution management across key industrial clusters.

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