Enviro Infra Engineers Limited has announced a major strategic move to strengthen its position in the renewable energy sector. Through its wholly owned subsidiary, EIE Renewables Private Limited, the company has entered into a Share Purchase Agreement to acquire 100% stake in Suyog Urja Limited in a phased manner.
Under the agreement, EIE Renewables will acquire an initial 51% equity stake in Suyog Urja immediately, while the remaining 49% will be purchased over a period of 27 months. The total deal value is estimated at around ₹311 crore, with completion expected on or before July 31, 2028. The acquisition will be executed entirely through cash consideration and has been confirmed as a non-related party transaction, ensuring transparency and compliance.
Suyog Urja operates in the renewable energy infrastructure space, with a primary focus on wind and solar projects across multiple Indian states. The company has built a strong presence through end-to-end project execution, covering land acquisition, infrastructure development, approvals, and commissioning. Its growing scale is reflected in its financial performance, with turnover rising sharply to ₹171.99 crore in FY25 from ₹86.71 crore in FY24 and ₹53.34 crore in FY23, alongside a net worth of ₹30.34 crore.
The acquisition is strategically important for Enviro Infra Engineers as it marks its entry into the wind energy segment while strengthening its renewable energy vertical. By integrating Suyog Urja’s capabilities, the company aims to enhance its overall project capacity, diversify its energy mix, and expand its geographic footprint across India. This move is expected to improve its competitive positioning in the rapidly growing renewable energy market.
Suyog Urja has already demonstrated strong execution capabilities, having completed more than 500 MW of projects and maintaining an outstanding order book of ₹645 crore. The company has successfully delivered large-scale wind energy projects for major industry players, reinforcing its reputation as a reliable infrastructure partner in the renewable energy sector.
To ensure a smooth transition and continuity in operations, the existing promoter, Chetraj Narbahadur Khadka, will remain associated with the company for a minimum of three years. His extensive experience in the renewable energy sector is expected to support operational stability and drive future growth initiatives.