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Enviro Infra Engineers acquires Vento Power Infra for ₹115.61 crore via its subsidiary EIE Renewables, including a 40 MW solar project in Odisha with ₹4.10/unit tariff for ~18 years. | Source: MoneyControl | Published on Aug 22, 2025
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As quoted on MoneyControl, Enviro Infra Engineers Limited has announced an acquisition agreement to purchase Vento Power Infra Private Limited for ₹115.61 crore. The acquisition was completed through its wholly owned subsidiary, EIE Renewables Private Limited, after due diligence and definitive agreements were signed on 20 August 2025.
In making this purchase the company has now formally entered the renewable energy space with a project in solar power. Enviro Infra which has always been known as a water and wastewater infrastructure company now has a clear indication that it too has long term interests that include renewables.
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Enviro Infra Engineers has bought Vento Power Infra through its subsidiary EIE Renewables, owing ₹115.61 crore.
Vento Power Infra will build a 40 MW grid-connected solar project in Bolangir, Odisha.
After 18 years, the project tariff is fixed at ₹4.10 a unit.
Vento's FY 2023-24 revenue is ₹16.50 crore with a net worth of -₹79.18 crore.
Enviro Infra Engineers share price stands at ₹267.45 per share on the BSE as of 21 Aug 2025 at 16:00 IST.
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The acquisition was completed after Enviro Infra Engineers received a Letter of Intent (LOI) from PTC India Financial Services. The transaction was advised by Deloitte Touche Tohmatsu India LLP and the legal advisor was Saraf and Partners. With this Vento Power Infra becomes a wholly own subsidiary of EIE Renewables and a step-down subsidiary of Enviro Infra Engineers.
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Particulars | Details |
Project Capacity | 40 MW (AC) |
Location | Bolangir, Odisha |
Tariff | ₹4.10 per unit |
Duration | ~18 years |
Net Worth (31.03.24) | –₹79.18 crore |
Turnover FY 2023-24 | ₹16.50 crore |
Turnover FY 2022-23 | ₹17.34 crore |
Turnover FY 2021-22 | ₹19.86 crore |
The project is already partially operational and is expected to contribute stable revenues under its long-term tariff agreement.
For those closely following the share price of Enviro Infra Engineers, this acquisition will not change market sentiments immediately as it only offers context. Importantly, this acquisition at an EV of ₹115.61 crore shows the company's intention to diversify and gain exposure in sustainable sectors. The share price of ₹267.45 appears to be a measured response by investors, rather than any over-reaction by investors.
Regarding retail investors, this is really about discerning how these types of moves align with India’s broad energy transition. It demonstrates that even companies that are primarily based in traditional infrastructure are all beginning to make room for renewables.
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