Enviro Infra Engineers' subsidiary is acquiring a 100% stake in wind EPC firm Suyog Urja Limited for ₹311 Crore. The acquisition, funded via a 50:50 debt-equity mix, expands Enviro's renewable energy capabilities into the wind segment and adds approximately ₹650 Crore to its consolidated order book.
Enviro Infra Engineers Limited announced a ₹311 Crore strategic acquisition of wind energy EPC player Suyog Urja Limited. The company acquired an initial 51% stake for ₹111 Crore, with plans to reach 100% ownership by 2028. This move diversifies Enviro's renewable platform into wind EPC, adding a ₹650 Crore order book and specialized engineering capabilities.
Enviro Infra Engineers Limited, via its subsidiary, is acquiring a 51% stake in Suyog Urja Limited for a total consideration of ₹311 Crore. This strategic acquisition marks the company's entry into the wind energy sector, diversifying its renewable energy portfolio. The transaction involves an initial ₹111 Crore payment for the majority stake, with completion expected by July 2028.
Enviro Infra Engineers' subsidiary acquired a 51% stake in Suyog Urja Limited for ₹311 Crore. This strategic entry into wind energy expands the company's renewable portfolio and geographic footprint. The target company brings an order book of ₹645 Crore and over 500 MW of completed project experience.
Enviro Infra Engineers Limited, through its subsidiary EIE Renewables, entered an agreement to acquire 100% of Suyog Urja Limited for approximately ₹311 Crore. The acquisition involves an immediate 51% stake purchase, with the remaining 49% acquired over 27 months. This strategic move marks the company's entry into the wind energy infrastructure segment.
Enviro Infra Engineers Acquisition Worth ₹15.51 Cr
Enviro Infra Engineers Limited's subsidiary acquired PRA BIHAR BESS Private Limited for ₹15.51 Crore. The target is an SPV developing a 37.5 MW Battery Energy Storage System in Bihar. This acquisition strengthens the group's renewable energy portfolio and expands its geographic presence in the battery storage sector.
Enviro Infra Engineers Acquisition Worth ₹15.51 Cr
Enviro Infra Engineers Limited, through its subsidiary, acquired a 49% stake in PRA Bihar Bess Private Limited for ₹15.51 Crore. The target is a Special Purpose Vehicle developing a 37.5 MW Battery Energy Storage System project in Bihar. The company will acquire the remaining 51% stake within 60 days of the project's commercial operation date.
Enviro Infra Engineers Acquisition Worth ₹15.51 Cr
Enviro Infra Engineers' subsidiary, EIE Renewables, acquired a majority stake in PRA Bihar BESS Private Limited for ₹15.51 Crore. The target is an SPV developing a 37.5 MW Battery Energy Storage System in Bihar. The project involves a ₹150 Crore capex and has secured a 12-year purchase agreement with Bihar state power utilities.
