Enviro Infra Engineers Ltd.'s shares surged by 11% on Friday, reaching a five-month high. This spike follows the company's announcement of a Rs 400-crore order win.
In an exchange filing on Thursday night, the company stated, "Enviro Infra Engineers Ltd. forays into ZLD space with Rs 400-crore CETP EPC order issued by the company." The announcement has boosted investor confidence, leading to the sharp rise in share price.
Earlier on Thursday, Enviro Infra Engineers' share price had already risen by over 5%, marking its highest level in more than two months. This jump came after the company secured a Rs 395-crore order from the Maharashtra Industrial Development Corporation on Wednesday. For this project, EIEL has entered into a joint venture with AltoraPro Infrastructure Pvt.
Enviro Infra Engineers Ltd. specialises in the design, construction, operation, and maintenance of water and wastewater treatment plants, as well as water supply scheme projects across India. The company is known for its comprehensive water and wastewater management solutions, catering to both municipal and industrial sectors. With a strong presence across multiple states, EIEL continues to expand its project capacity and deliver high-quality infrastructure solutions.
Enviro Infra Engineers Share Price
The scrip rose as much as 11.54% to Rs 273.49 apiece. It pared gains to trade 10.93% higher at Rs 272 apiece, as of 10:43 a.m. This compares to a 0.58% decline in the NSE Nifty 50.
It has risen 31.36% in the last 12 months. Total traded volume so far in the day stood at 6.3 times its 30-day average. The relative strength index was at 71.
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