EIE Renewables Private Limited, a wholly owned subsidiary of Enviro Infra Engineers Limited (EIEL), has officially entered into a Share Purchase Agreement to acquire 100% share capital of Suyog Urja Limited. This strategic acquisition is being conducted in a phased manner, with an initial 51% equity stake acquired immediately and the remaining 49% to be completed within 27 months. The total cost of the acquisition is approximately ₹311 Crores. The formal intimation regarding this transaction was received by the parent company on April 28, 2026.

The acquisition is designed to integrate the renewable energy vertical of EIEL, strengthening its existing portfolio and marking its formal entry into the wind energy segment. Suyog Urja Limited, incorporated in September 2008, is an established Indian firm specializing in wind farm infrastructure development with a pan-India market presence. The transaction is expected to be fully completed by July 31, 2028. As part of the agreement, the former promoter, Mr. Chetraj Narbahadur Khadka, will continue with the company for at least three years to provide transitional leadership and strategic oversight.

Enviro Infra Engineers Limited is a prominent EPC player with over 15 years of expertise in water and wastewater treatment infrastructure, including Sewage Treatment Plants (STPs) and Common Effluent Treatment Plants (CETPs). In early 2026, the company achieved a significant milestone by entering the Battery Energy Storage System (BESS) segment through projects awarded by NTPC worth ₹1,070 Crores. As of April 2026, the company’s total order book has expanded to over ₹4,600 Crores, providing strong revenue visibility for the next two years. Recent project wins include a ₹411 Crore project under AMRUT 2.0 in Bihar and two projects totaling ₹972 Crores in Maharashtra under the Swachh Bharat Mission.

For the third quarter of FY 2025-26, the company reported a consolidated revenue of ₹258.50 Crores and a net profit of ₹40.41 Crores. This reflected a 2.26% year-on-year (YoY) increase in revenue and a 10.11% YoY jump in net profit compared to the same period in 2024. Quarter-on-quarter (QoQ) revenue showed a 7.09% increase, although net profit saw a cyclical dip of 17.06% from the preceding quarter. The company’s shareholding pattern as of April 2026 shows that promoters Sanjay Jain and Manish Jain each hold approximately 27.88% of the equity. Additionally, institutional interest remains stable with participation from funds such as the Motilal Oswal Nifty Microcap 250 Index Fund.