Enviro Infra Engineers Sees 11.10% Intraday Surge

Key Highlights

• ₹170 - Intraday high price of Enviro Infra Engineers shares on March 12
• 20% - Two-day cumulative gain based on today's high price
• ₹411 crore - Value of sewerage network project won by Enviro Infra Engineers

Share Price Movement

Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4

Enviro Infra Engineers shares surged 11.10% in intraday trade on Thursday, March 12, hitting the day's high of ₹170 apiece. The stock opened higher at ₹156.28 compared to the previous close of ₹153 and continued to build on the momentum to reach a three-week high.

Project Win Announcement

The rally was triggered after the company announced a project win from the Bihar Urban Infrastructure Development Corporation Limited for a sewerage network project worth ₹411 crore. The contract includes engineering, procurement, and construction (EPC) of a 20 MLD sewage treatment plant and associated infrastructure.

Project Details

Read also: MarketSmith India's 4 June Stock Recommendations

• Contract value: ₹411 crore
• Project duration: 15 months for completion, followed by a 5-year Operation and Maintenance (O&M) period
• Scope of work: Includes engineering, procurement, and construction of a 20 MLD sewage treatment plant, sewerage network, and eight pumping stations

Company Performance

Enviro Infra Engineers shares have remained in focus this week as the Union Cabinet approved the extension of the Jal Jeevan Mission up to December 2028 with an enhanced outlay of ₹8.7 lakh crore. The company's shares have outperformed compared to the sharp sell-off seen across the broader market amid the US-Iran war.