Enviro Infra Engineers wins ₹190-crore Tata Power order

Order win: ₹189.99 crore from Tata Power Renewable Energy

Enviro Infra Engineers Ltd has secured a confirmed work order worth ₹189.99 crore (excluding GST) from Tata Power Renewable Energy Limited. The order has been awarded to its step-down subsidiary, Suyog Urja Limited. The scope covers Wind Turbine Generator (WTG) foundation works and Balance of Plant (BoP) activities. It also includes the development of a secure storage yard and construction of 33 kV transmission lines. The project is linked to a 180 MW NTPC Wind Power Project at Parli, Maharashtra. The company disclosed that the order was awarded on September 7, 2026.

What the EPC contract covers

The contract is structured as EPC turnkey works for the wind project. Suyog Urja will undertake WTG foundation works, including supply of reinforcement steel and geotechnical works. BoP responsibilities include civil and electrical elements required to support wind turbine installation. A key part of the package is the construction and commissioning of a 33 kV transmission line. The scope also mentions setting up a secure storage yard to manage on-site materials and equipment. These activities are typically execution-heavy and working-capital intensive, especially during peak construction periods.

Execution timeline: completion by March 31, 2027

Enviro Infra Engineers said the order is scheduled to be executed by March 31, 2027. This timeline places the project within FY27 execution windows, based on the company’s disclosed schedule. The order date and end date provide investors a clear reference for expected revenue recognition as work progresses. The company has not disclosed milestone-wise billing details in the provided information. Still, the end-date guidance sets a defined delivery horizon for this specific contract.

Backlog impact and revenue coverage

The ₹189.99 crore order is described as roughly 58% of Enviro Infra Engineers’ average quarterly revenue of ₹326.00 crore. After adding this order to recent wins, the company’s total disclosed order book is stated at ₹1,155.80 crore. The article notes that this disclosed backlog represents the sum of six orders reported across the last three fiscal quarters (based on a referenced table). On the same disclosure set, the backlog is estimated to provide about 3.55 quarters of revenue coverage. That metric is frequently tracked to assess visibility, especially for EPC and project execution companies.

Profitability versus cash flow: what the update highlights

The update points to a mixed operating picture. Quarterly execution is described as profitable, with operating profit margin (OPM) above 20%. At the same time, operating cash flows were negative in FY26, as stated in the provided highlights. This combination can occur when project billing and collections lag behind execution, or when advances, retention money, and inventory cycles stretch working capital. The article’s investor takeaway is to watch working capital efficiency and whether accrued profits translate into free cash as projects move from execution to collections.

Revenue trend: FY25 to FY26

Enviro Infra Engineers’ annual revenue is reported to have increased from ₹1,085.50 crore in FY25 to ₹1,145.60 crore in FY26. This is presented as year-on-year growth of 5.5% based on the latest annual data mentioned in the text. The article also states that quarterly order inflows exceeded ₹500 crore in the last two reported quarters, indicating continued tender wins and additions to the pipeline. While revenue growth is modest in percentage terms, the steady inflow commentary signals that the company has remained active in securing new projects.

Stock movement and trading indicators mentioned

On the market side, shares of Enviro Infra Engineers ended at ₹196.20, down ₹1.85 or 0.93% on the BSE, according to the report. Another price line in the provided text shows EIEL at ₹198.88, up 0.28% on September 7, 2026 at 3:28 PM. The article also includes a separate snapshot stating that as of 08-09-2026 09:24, the share price was shown as ₹0, with a change of ₹-198.33 (-100.00%) from a previous close of ₹198.33. That snapshot conflicts with the exchange close price referenced elsewhere in the same text. Support levels listed in the article are: first support ₹195.98, second support ₹192.79, and third support ₹189.93.

Company profile and shareholder details cited

Enviro Infra Engineers is described as a Delhi-based water treatment company operating in the “Other Utilities” industry and classified as small-cap in the provided text. It was incorporated in 2009 and became a public company in 2010. As of June 2026, it reported net sales of ₹359 crore and net profit of ₹40 crore, with a market capitalisation of ₹3,432 crore (as stated in the text). Shareholding details cited include promoter Sanjay Jain with 27.86% (also shown as 27.88% in another line), individual investors with 22.51%, mutual funds holding 1.27%, and 13 foreign institutional investors holding 0.65%. The largest public shareholder is mentioned as LIC MF Value Fund at 1.18%. The stock is also noted as rated ‘Sell’ by MarketsMOJO.

Other disclosed orders and sector positioning

Beyond renewable-linked work, the company is described as engaged in design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government bodies. The text also states the company has expanded into renewable energy including solar, BESS, and wind EPC. Separately, the article mentions that Enviro Infra Engineers secured ₹256.92 crore EPC orders from Uttar Pradesh Jal Nigam (Rural) for 45 MLD and 60 MLD sewage treatment plants in Varanasi under the Namami Gange Programme. Additional headline-style references in the text include an “order worth ₹257 crore” and “five major project wins worth ₹1,481 crore in March 2026,” as stated.

Key facts at a glance

Related-party disclosure in the announcement

Enviro Infra Engineers stated that the promoter, promoter group, and group companies have no interest in Tata Power Renewable Energy Limited. The company also said the order does not fall under related-party transactions. Such disclosures are closely tracked in contract announcements, particularly when project sizes are material and counterparties are large listed groups.

What investors may track next

Based on the disclosures in the text, near-term monitoring points include execution progress up to the March 31, 2027 deadline and whether working capital cycles improve as the company scales order inflows. The update also frames cash conversion as a key watch item, given the note on negative operating cash flows in FY26 despite OPM above 20%. For the stock, the cited support levels and the reported BSE close provide immediate reference points, while subsequent exchange filings may clarify billing milestones and project progress.