Enviro Infra Engineers Acquires 100% Suyog Urja in Phased Deal Worth ₹311 Crore
Enviro Infra Engineers Limited (EIEL) is acquiring 100% of Suyog Urja Limited for approximately ₹311 crore. The acquisition will occur in phases, starting with 51% immediately and the remainder within 27 months. Suyog Urja has a turnover of ₹171.99 crore as of March 31, 2025, and an order book of ₹645 crore.
The acquisition of a 100% stake in Suyog Urja, a company with significant project completion and an order book, represents a material strategic move that is expected to significantly impact EIEL's business operations and market presence in the renewable energy sector.
The acquisition is positive as it strategically expands the company's renewable energy portfolio, particularly in the wind energy segment, which is expected to enhance overall project capacity and market position.
Enviro Infra Engineers Limited (EIEL) has announced that its wholly-owned subsidiary, EIE Renewables Private Limited, has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Suyog Urja Limited in a phased manner. The initial acquisition will be for 51% of the equity shares, with the remaining 49% to be acquired within 27 months. The total cash consideration for this acquisition is approximately ₹311 crore.
Suyog Urja Limited, incorporated in 2008, specializes in developing renewable energy infrastructure, with a focus on wind energy projects across India. As of March 31, 2025, the company reported an audited turnover of ₹171.99 crore and a net worth of ₹30.34 crore. The company has a track record of completing over 500 MW of projects and has an outstanding order book of ₹645 crore.
This strategic acquisition is aimed at strengthening EIEL's renewable energy vertical and integrating its existing portfolio by entering the wind energy segment. The move is expected to enhance the company's project capacity, diversify its energy mix, and expand its geographic footprint. The acquisition is not a related party transaction, and none of EIEL's promoters or group companies have an interest in Suyog Urja. The indicative time period for the completion of the entire acquisition is on or before July 31, 2028. The erstwhile promoter of Suyog Urja, Mr. Chetraj Narbahadur Khadka, will continue to be associated with the company for a minimum of three years to ensure operational continuity and strategic oversight.
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Enviro Infra Engineers Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Enviro Infra Engineers Limited. Read the original for the full detail.