Enviro Infra Engineers Ltd.'s share price rose to the highest level in over two months after the company fetched an order worth Rs 395 crore from Maharashtra Industrial Development Corp. For the order, the company entered into a joint venture with AltoraPro Infrastructure Pvt.
Eniro Infra Engineers will upgrade Common Effluent Treatment Plant with zero liquid discharge in co-operative industrial estate of Ichalkaranji, Hatkanangale and Yadrav in Kolhapur district. It will design, supply, install, construct, test, start-up, commission, performance guarantee test, operate and maintain CETPs as part of the order, according to the exchange filing.
Enviro Infra Engineers intend to complete the order in 24 months, it said.
Enviro Infra Engineers Share Price Today
Enviro Infra Engineers Ltd.'s share price advanced 5.73% to Rs 254.99 apiece, the highest level since May 29. The share price was trading 3.79% higher at Rs 250.37 apiece as of 9:41 a.m., as compared to a 0.15% decline in the NSE Nifty 50.
The stock advanced 20.79% in 12 months, while it declined 19.84% on year-to-date basis. Total traded volume so far in the day stood at 4.4 times its 30-day average. The relative strength index was at 62.93.
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