Infrastructure Project Award
Enviro Infra Engineers Wins ₹126.78 Crore Sewage Treatment Project Under Namami Gange Programme
NSE
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BSE
544290
Enviro Infra Engineers Limited has received a Letter of Acceptance (LOA) from Uttar Pradesh Jal Nigam (Rural) for the development of a 45 MLD Sewage Treatment Plant (STP) and associated infrastructure at Pt. Deen Dayal Upadhyay Nagar (DDU Nagar), Uttar Pradesh. The project, valued at ₹126.78 crore (excluding GST), will be executed through its Special Purpose Vehicle (SPV), Varanasi DDU Nagar STP Private Limited, under the Namami Gange Programme on a Hybrid Annuity Model (HAM).
PRICE-SENSITIVE TRIGGER
Event: Receipt of Letter of Acceptance (LOA) for a new sewage treatment infrastructure project.
Type: Infrastructure Project Award
Impact: Positive
Immediate Effect: The order expands Enviro Infra Engineers’ wastewater infrastructure portfolio, strengthens its order book, and enhances long-term revenue visibility through a 15-year Operation & Maintenance contract.
Key Metrics:
- Order Value: ₹126.78 crore (excluding GST)
- Plant Capacity: 45 MLD Sewage Treatment Plant
- Construction Period: 18 months
- Trial Operations: 3 months
- Operation & Maintenance: 15 years
- Execution Model: Hybrid Annuity Model (HAM)
Highlight:
- The project combines EPC execution with a 15-year O&M agreement, providing both near-term execution revenue and long-term recurring income.
What Happened ?
Enviro Infra Engineers Limited informed the stock exchanges that it has received a Letter of Acceptance (LOA) dated 1 July 2026 from Uttar Pradesh Jal Nigam (Rural).
The contract covers the development of a 45 MLD Sewage Treatment Plant and associated infrastructure at Pt. Deen Dayal Upadhyay Nagar (DDU Nagar), Uttar Pradesh, under the Government of India’s Namami Gange Programme.
The project will be executed through the company’s SPV, Varanasi DDU Nagar STP Private Limited, which was incorporated earlier and disclosed to the stock exchanges on 17 June 2026. The company received the LOA from the concerned department on 3 July 2026.
Key Details
Project Details:
- Awarding Authority: Uttar Pradesh Jal Nigam (Rural)
- Project: Development of a 45 MLD Sewage Treatment Plant with associated infrastructure.
- Location: Pt. Deen Dayal Upadhyay Nagar (DDU Nagar), Uttar Pradesh.
- Programme: Namami Gange Programme.
- Execution Model: Hybrid Annuity Model (HAM).
- Contract Value: ₹126.78 crore (excluding GST).
- Construction Timeline: 18 months.
- Trial Operations: 3 months.
- Operation & Maintenance: 15 years.
- Executing Entity: Varanasi DDU Nagar STP Private Limited (SPV).
- Nature of Contract: Domestic.
- Related Party Transaction: No.
- Promoter/Group Company Interest: None.
- LOA received by the company on 3 July 2026.
Note:
- The project adds another HAM-based wastewater infrastructure contract to the company’s portfolio and provides long-duration maintenance revenue after project completion.
Risk Analysis
Summary:
- Although the order strengthens the company’s execution pipeline, successful delivery depends on timely construction, regulatory compliance, milestone achievements and efficient long-term operation under the HAM framework.
Key Risks:
- Execution delays during project construction.
- Cost inflation affecting project margins.
- Regulatory or environmental approval delays.
- Working capital requirements during execution.
- Operational performance obligations throughout the 15-year O&M period.
Worst Case:
- Construction delays, cost overruns or slower annuity-related cash flows could impact project profitability and earnings realization.
Risk Level: Medium
Company Commentary
- Enviro Infra Engineers has received the LOA from Uttar Pradesh Jal Nigam (Rural).
- The project will be executed through Varanasi DDU Nagar STP Private Limited, the company’s Special Purpose Vehicle.
- The project forms part of the Namami Gange Programme.
- The total contract value is ₹126.78 crore (excluding GST).
- The project includes 18 months of construction, 3 months of trial operations, followed by 15 years of Operation & Maintenance.
- The company confirmed that the contract is not a related-party transaction, and neither the promoters nor group companies have any interest in the awarding authority.
Official Exchange Filing: Enviro Infra Engineers Limited
