🌊 “Enviro Infra: From Sewage to Solar, This Engineer’s Got Flow”

🔍 At a Glance

Enviro Infra is one of those rare EPC players that doesn’t just build sewage and water projects — it also sticks around to run them. Now flush with profits, it’s diving headfirst into solar energy. But between the glowing CRISIL upgrades and some shady cyber fraud, the ₹4,000 Cr company is serving up a mix of 🚰 and ⚡.

1. 🧩 Introduction with Hook

Who knew cleaning poop water could be so profitable?

• Enviro Infra: WWTP + WSSP specialist for government projects
• FY25 Revenue: ₹1,066 Cr, Profit: ₹177 Cr, ROE: 27.4% 🔥
• Recent moves into solar power EPC and asset ownership
• But wait — ₹11.15 Cr cyber fraud and ₹8.4 Cr GST penalty also in the mix 🕵️♂️

This isn’t just a pipeline story anymore.

2. 🏢 Business Model – WTF Do They Even Do?

🚰 Core biz:

• Water Treatment (WWTP) — municipal contracts
• Sewage Treatment — EPC + O&M (sweet margins)
• Water Supply Schemes (WSSP) — turnkey government projects

⚡ New Biz:

• Renewable Energy Projects
  • Owns/acquiring 100+ MW solar capacity (Odisha + Maharashtra)
  • Holding company: EIE Renewables (100% subsidiary)
  • Bids under VGF and O&M model

🤝 Client Base: Primarily Government Agencies (State Utilities, Urban Dev. authorities)

🧠 Sarkari EPC + Recurring O&M + Renewable Pivot = A very “2025” combo.

3. 💰 Financials Overview – Profit, Margins, ROE, Growth