EIEL Soars 5% on Bagging ₹85 Crore Water Infrastructure Deals

Big news from the environmental infrastructure space! Enviro Infra Engineers Limited (EIEL) is making waves, literally, after announcing it has bagged two significant contracts from the Gurugram Metropolitan Development Authority (GMDA). This exciting development saw EIEL’s stock price climb by 5.2% to ₹259, reflecting investor enthusiasm. 📈

EIEL, a company focused on empowering a green planet, has secured projects totaling a whopping ₹85.22 crore (excluding taxes). These aren’t just any contracts; they’re crucial for improving water infrastructure in Gurugram.

Let’s break down these wins:

First up, EIEL will be upgrading an existing 100 MLD (Million Liters per Day) Sewage Treatment Plant (STP) and constructing a new 75 MLD Tertiary Treatment Plant (TTP) at Dhanwapur. The second project involves upgrading an existing 120 MLD STP and building a 90 MLD TTP at Behrampur. Both projects include a comprehensive Engineering, Procurement, and Construction (EPC) phase, followed by a five-year Operation & Maintenance (O&M) period.

What does this mean? Essentially, EIEL will be responsible for designing, procuring materials, and building these advanced water treatment facilities. Once built, they’ll also manage and maintain them for half a decade, ensuring they run smoothly and efficiently. The EPC phase for the Dhanwapur project is set for 24 months, while the Behrampur project has a tighter 15-month timeline.

These domestic contracts underscore EIEL’s expertise in sustainable water management solutions. Winning such substantial projects from a key municipal authority like GMDA highlights the company’s growing footprint in India’s vital environmental sector. It’s a clear sign of their commitment to tackling water challenges and contributing to a healthier environment. 💧

source: Corporate Announcement

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