Enviro Infra Engineers share price jumped nearly 10% in intraday trading on Wednesday, September 9, after the company announced that it had secured an engineering, procurement and construction (EPC) turnkey contract worth ₹189.99 crore, excluding GST, for a 180 MW NTPC wind power project in Maharashtra.
The stock gained as much as 9.7% during the day's trading session, touching a high of ₹215.35 per share on the BSE. The sharp move came after the company disclosed details of the new renewable energy project order, which was secured through its step-down subsidiary, Suyog Urja Limited (SUL).
Enviro Infra Engineers said SUL has received an EPC turnkey contract from Tata Power Renewable Energy Limited for the development of the 180 MW NTPC wind power project at Parli in Maharashtra.
Under the newly awarded contract, Suyog Urja Limited will be responsible for several critical infrastructure and construction activities associated with the wind power project.
The scope of work includes Wind Turbine Generator (WTG) foundation works, along with the supply of reinforcement steel and geotechnical works. The contract also includes Balance of Plant (BoP) works. As part of the project requirements, SUL will additionally develop a fully equipped and secure storage yard spread across 39 acres.