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 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 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' 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.
