Enviro Infra Engineers Ltd - Stock Valuation and Financial Performance

Enviro Infra Engineers was originally incorporated as ‘Enviro Infra Engineers Private Limited’ a private limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated June 19, 2009 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter on April 1, 2010, the company took over the business of partnership firm, M/s Enviro Engineers. Thereafter, name of the company was changed from ‘Enviro Infra Engineers Private Limited’ to ‘Enviro Infra Engineers Limited’ consequent to conversion of the company from private to public company, pursuant to a special resolution passed by the shareholders of the company on July 19, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi (RoC) on August 8, 2022.

The company is in the business of designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETPs) while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water (Projects). The treatment process installed at most of the STPs and CETPs is Zero Liquid Discharge (ZLD) compliant and the treated water can be used for horticulture, washing, refrigeration and other process industries.

WWTPs and WSSPs are partly funded by the Central Government under schemes like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and fully funded under the National Mission for Clean Ganga (NMCG) for projects in urban areas. WSSPs are similarly funded by the Central Government schemes like the Jal Jeevan Mission (JJM) for rural areas of the country. The states or Urban Local Bodies (ULBs) under their respective schemes fund the WWTPs and WSSPs along-with the Central Government.

The company have an in-house team for designing, engineering and construction which makes it self-reliant on all aspects of its business. It has a team of many engineers who are supported by third-party consultants and industry experts to ensure compliance and quality standards laid down by the industry and government agencies & departments. It also has its own team for civil construction works thereby reducing dependence on third parties. The scope of its services typically includes design and engineering of the projects, procurement of raw materials, execution at site with overall project management up to the commissioning of projects. It has a team of dedicated engineers and personnel focused on operations and maintenance of completed projects.

Business area of the company

The company is engaged in designing, construction, operation and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.

History and milestones

• 2009: Incorporation of the company.
• 2010: Takeover of business of partnership firm, M/s. Enviro Engineers.
• 2010: Won first largest EPC work order of Rs 1,596 lakh for setting up Common Effluent Treatment Plant (CETP) 18 MLD capacity, on turnkey basis, at Balotra, Rajasthan.
• 2013: Completed setting up of 52 MLD STP at Bathinda, Punjab, work order for Rs 3,103 lakh.
• 2014: Awarded with work orders for setting up 5 MLD CETP at Saha and 10 MLD CETP at Rohtak in Haryana from Haryana State Industrial and Infrastructure Development Corporation for an aggregate contract value of Rs 3,710 lakh.
• 2016: Awarded with work order for setting up 21 MLD CETP of Rs 4,950 lakh in Panipat, Haryana.
• 2017: Awarded Project under AMRUT scheme of Government for setting up of 29 MLD STP at Khanna, District. Ludhiana.
• 2019: Crossed turnover of Rs 10,000 lakh.
• 2021: Incorporated its subsidiary under the name, EIEPL Bareilly Infra Engineers Private Limited.
• 2021: Award of project titled ‘Pollution Abatement Works for River Ram Ganga at Bareilly’ for setting up of three STPs having capacities of 42 MLD, 20 MLD & 1 MLD on HAM basis by the Uttar Pradesh Jal Nigam and the National Mission for Clean Ganga under Namami Gange Programme.
• 2022: Crossed turnover of Rs 20,000 lakh by the company.
• 2022: Conversion of the company from private limited to public limited. 
• 2022: Awarded five EPC contracts under water supply scheme projects in the state of Madhya Pradesh for an aggregate contract value of Rs 1,25,696.00 lakh.
• 2023: Incorporated its subsidiary under the name, EIEL Mathura Infra Engineers Private Limited.
• 2023: Achieved turnover of Rs 40,000 lakh by the company.
• 2023: Award of project titled ‘Mathura Sewerage Scheme (J&D and STP works for balance drains) at Mathura in Uttar Pradesh including O&M period of 15 years through HAM PPP Mode’.
• 2024: Completion of HAM Project at Bareilly.