Enviro Infra Engineers Ltd. shares witnessed a 11.11% surge to ₹170 on Thursday, March 12, hitting a three-week high after the company announced winning a significant project worth ₹411.08 crore for a sewerage network in Aurangabad, Bihar. According to Live Mint, the stock opened higher at ₹156.28 compared with the previous close of ₹153 and continued building momentum throughout the session. The rally follows an 8.15% surge in the previous session, taking the two-day cumulative gain to 20% despite broader market declines. The stock had been under severe selling pressure, closing each of the last five months in the red and losing a cumulative 37% of its value.
The comprehensive contract includes engineering, procurement and construction (EPC) of a 20 MLD sewage treatment plant with all appurtenant structures and allied works, including disinfection controlled with SCADA systems. As reported by Live Mint, the project encompasses building eight pumping stations with 5,400 MTR rising main, sewerage network of 196 km, and operation and maintenance for five years. The EPC portion of the order is scheduled for completion within 15 months from the commencement date, while the operation and maintenance period will follow for five years. The total contract value of ₹411.08 crores includes GST, covering all project components from construction to long-term maintenance.
Commenting on the development, Sanjay Jain, Chairman of EIEL, 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." As per Live Mint, the company has demonstrated strong operational performance with its total market capitalisation of ₹2,829.19 crore as of March 12, 2026.
The stock has shown significant volatility, with recently touching a 52-week low of ₹134.71 on March 9, 2026, while hitting a year's high of ₹391.60 in the following months. According to Live Mint, the stock made its market debut in November 2024, listing at ₹220 on the NSE, marking a 48.65% premium over the issue price of ₹148. At current levels, it trades 59% below its peak but remains 8.1% higher than its IPO price. The recent rally has been supported by the Union Cabinet's approval of the extension of Jal Jeevan Mission up to December 2028 with an enhanced outlay of ₹8.7 lakh crore.
The company reported strong financial results for Q3 FY26, with consolidated net profit increasing 10.11% year-on-year to ₹40.41 crore compared to ₹36.70 crore in the year-ago period. According to Upstox, revenue from operations jumped marginally to ₹250 crore during the quarter, as against ₹247.4 crore for the December quarter of FY25, driven by steady project execution. EBITDA stood at ₹67.7 crore in Q3 FY26, marking a 25.6% YoY jump from ₹53.9 crore, demonstrating improved operational efficiency and profitability.
