Enviro Infra Engineers to Strengthen Renewable Energy Portfolio with Suyog Urja Acquisition
Enviro Infra Engineers to acquire controlling stake in Suyog Urja
Business Standard
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Enviro Infra Engineers, through its subsidiary EIE Renewables, has signed a Share Purchase Agreement to acquire a controlling stake in Suyog Urja, a wind energy EPC company. This acquisition enhances Enviro's renewable energy platform, bringing its consolidated order book to approximately ₹5,600 crore (roughly $675 million USD).
- 01Enviro Infra Engineers is acquiring a controlling stake in Suyog Urja.
- 02The acquisition is part of Enviro's strategy to diversify its renewable energy offerings.
- 03Post-acquisition, the consolidated order book of Enviro stands at approximately ₹5,600 crore.
- 04The order book includes ₹4,400 crore in EPC projects and ₹1,200 crore in operations and maintenance.
- 05Enviro's renewable energy portfolio now includes a total of 79 MW of solar and 150 MWh of battery energy storage systems.
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Enviro Infra Engineers has announced a strategic move to acquire a controlling stake in Suyog Urja, a company specializing in wind energy engineering, procurement, and construction (EPC). This acquisition, facilitated through its wholly owned subsidiary EIE Renewables, aims to create a more diversified and integrated renewable energy platform. Following the acquisition, Enviro's consolidated order book will reach approximately ₹5,600 crore (around $675 million USD), which includes ₹4,400 crore in EPC projects—comprising ₹2,500 crore in water projects and ₹1,900 crore in renewable energy. Additionally, the order book features ₹1,200 crore in operations and maintenance (O&M) contracts, along with an independent power producer (IPP) portfolio that includes 79 MW of solar power and 150 MWh of battery energy storage systems. This acquisition reinforces Enviro's commitment to expanding its footprint in the renewable energy sector.
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This acquisition is likely to enhance job opportunities in the renewable energy sector and contribute to sustainable energy solutions.
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