Enviro Infra Engineers Secures ₹405.71 Crore BESS Project from NTPC
Enviro Infra Engineers Limited received a Letter of Award from NTPC for BESS projects in Uttar Pradesh and Assam. The EPC contract is valued at ₹405.71 Crores, excluding GST. Execution involves supply and services within 15 months, followed by 11 years of annual maintenance.
The order is substantial in value and involves a major client (NTPC), indicating a significant impact on the company's revenue and future prospects.
The company has secured a significant new order, which is a positive development for its business.
Enviro Infra Engineers Limited (EIEL) has announced the receipt of a Letter of Award (LOA) from NTPC Limited for the execution of Battery Energy Storage Systems (BESS) projects in Tanda, Uttar Pradesh, and Bongaigaon, Assam. The contract, awarded on an EPC basis, includes the supply, services, and comprehensive annual maintenance for the BESS implementation.
The EPC component for supply and services is to be completed within 15 months from the commencement date. Following successful performance testing, EIEL will provide comprehensive annual maintenance for a period of 11 years.
The total consideration for this domestic contract is ₹405.71 Crores, excluding GST. Neither the promoter, promoter group, nor group companies have any interest in NTPC Limited, and the contract does not fall under related party transactions.
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Enviro Infra Engineers Limited filed this with the NSE as a statutory disclosure, categorised under new orders. 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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