Enviro Infra Engineers, AltoraPro Joint Venture Bags Project Worth Rs 396 Crore

A joint venture of Enviro Infra Engineers Ltd. and AltoraPro Infrastructure Pvt. has been awarded a project worth Rs 395.5 crore by the Maharashtra Industrial Development Corp.

A letter of intent dated July 8 has been issued for the Panchganga river pollution control measures, including upgradation of common effluent treatment plants with zero liquid discharge in industrial estates of Ichalkaranji, Hatkanangale and Yadrav in Kolhapur district, according to an exchange filing on Wednesday.

The project includes design, construction, commissioning and maintenance of the CETPs and is expected to be completed within 24 months.

Shares of Enviro Infra closed 5.11% higher at Rs 241.18 apiece on the NSE, compared to 0.18% fall in the benchmark Nifty. The stock has risen 16.47% in the last 12 months but fallen 22.67% on a year-to-date basis.