Wastewater Management Stock Jumps 11% After LoA Worth ₹412 Cr for Sewerage Project in Bihar

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Synopsis: Infra stock surged 11% after receiving a ₹411.08 Crore LOA from Bihar Urban Infrastructure Development Corporation for the Aurangabad Sewerage Network & 20 MLD STP under AMRUT 2.0, to be completed in 15 months.

The shares of an Infrastructure company specialising in the design, construction, operation, and maintenance of comprehensive water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) jumped up to 11 percent upon receiving a Sewerage Project in Bihar.

With a market capitalization of Rs. 2,818.13 crores in the day’s trade, the shares of Enviro Infra Engineers Ltd rose upto 11.2 percent, making a high of Rs. 170.00 per share compared to its previous closing price of Rs. 152.85 per share.

What Happened 

Enviro Infra Engineers Ltd, engaged in the design, construction, operation, and maintenance of comprehensive water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs), has received a Letter of Acceptance (LOA) from Bihar Urban Infrastructure Development Corporation Limited.

The work order is to execute a major urban infrastructure project. The project entails the Aurangabad Sewerage Network and STP Scheme under AMRUT 2.0, covering the Engineering, Procurement, and Construction (EPC) of a 20 MLD Sewage Treatment Plant, eight pumping stations, 196 km of sewerage network, and associated works, along with Operation & Maintenance (O&M) for five years. The EPC work is scheduled for completion within 15 months from commencement, followed by the O&M period. The total contract value is Rs. 411.08 Crores.

Mr Sanjay Jain, Chairman, Enviro Infra Engineers Limited, said: “We are proud to have been entrusted with this significant project by the Government. Our focus remains on delivering high-quality, sustainable, and timely solutions that contribute to the nation’s water management and sanitation goals. We are committed to maintaining the highest standards of engineering and execution.”

Financials & Others

The company’s revenue rose by 1.04 percent from Rs. 247 crores in December 2024 to Rs. 250 crores in December 2025. Meanwhile, Net profit rose from Rs. 37 crores to Rs. 42 crores in the same period.

The company demonstrates strong financial performance, highlighted by a robust ROCE of 31.7% and ROE of 27.4%, indicating efficient use of capital and equity to generate profits. Its low debt-to-equity ratio of 0.26 reflects a conservative capital structure, reducing financial risk. Compared to the industry, the stock appears undervalued with a P/E of 13.3 against an industry average of 17.1.

The company has also delivered exceptional profit growth, achieving a 102% CAGR over the past five years. Its consistent track record of strong ROE, averaging 35.7% over three years, underscores effective management and sustainable profitability, making it a compelling opportunity for investors seeking both growth and value.

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Enviro Infra Engineers Ltd is one of the leading EPC Companies in the business of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies with over 15 years of experience. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS) and Common Effluent Treatment Plants (CETPs).

Additionally, the Company has its own civil construction team, minimising dependence on external contractors. The Company’s services typically encompass project design and engineering, material procurement, and on-site execution, with comprehensive project management through commissioning. Post-commissioning, dedicated engineers and personnel oversee the operations and maintenance of completed projects, often for a defined period as part of the project award.

As of 31-Dec-2025, the project order book totals Rs. 30,926 million, with Water and Wastewater projects accounting for Rs. 28,365 million. This includes WWTP EPC contracts totalling Rs. 15,348 million, WWTP HAM projects totalling Rs. 2,824 million, WSSP projects totalling Rs. 861 million, O&M contracts totalling Rs. 9,331 million, and renewable energy projects contributing Rs. 2,561 million to the total.

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  • Sridhar is a NISM-certified Research Analyst with an MBA in Finance and with over 3+ years of experience as a Financial Analyst, possessing strong expertise in both fundamental and technical analysis. Specialises in equity research, company and sector evaluation, IPO analysis, and tracking market trends to produce clear, investor-friendly insights.



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