Enviro Infra Engineers JV Bags ₹395 Cr Water Project 🌊

It’s always exciting to see companies secure significant projects, and Enviro Infra Engineers Limited (EIEL) has just announced a big one! 🎉 The company, known by its symbol EIEL, has informed the exchange about bagging a substantial new order.

EIEL, as the lead member, has entered into a Joint Venture (JV) agreement with AltoraPro Infrastructure Private Limited, forming “Enviro Infra Engineers Limited AIEPL JV.” This JV has successfully secured a Letter of Intent (LOI) from the Maharashtra Industrial Development Corporation (MIDC).

So, what’s the buzz about? This major contract is for the “Panchganga River Pollution control measures – Upgradation of CETPs with ZLD” (Zero Liquid Discharge) in the Co-Op Industrial estates of Ichalkaranji, Hatkanangale, and Yadrav, all located in the Kolhapur District. This is a crucial environmental project aimed at tackling river pollution.

The scope of work for this domestic project is comprehensive. It includes everything from design, supply, installation, construction, testing, start-up, and commissioning, to performance guarantee testing, and even the operation and maintenance of the Common Effluent Treatment Plants (CETPs). Talk about a full-service package!

The financial muscle behind this project is impressive, valued at a whopping ₹3,95,50,00,000 (that’s ₹395.50 Crores!) plus applicable taxes. The JV is set to execute this project over a period of 24 months. This significant win not only strengthens EIEL’s order book but also highlights its commitment to environmental infrastructure development. It’s a clear sign of the company’s expertise in critical water management and pollution control solutions.

This project is a fantastic example of how companies are contributing to cleaner environments while also driving business growth. Keep an eye on EIEL as they embark on this important endeavor! 💧

source: Corporate Announcement

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