Enviro Infra Engineers Limited saw its shares climb 3% in early trade today after announcing the successful acquisition of Vento Power Infra Private Limited through its wholly-owned subsidiary, EIE Renewables Private Limited. As of 9:30 AM, the shares were trading 3.43% higher at Rs 268.65.
The deal, formalised via definitive agreements on August 20, 2025, follows the Letter of Intent (LOI) earlier issued by PTC India Financial Services Limited. Deloitte Touche Tohmatsu India LLP acted as the exclusive sell-side transaction advisor, while Saraf and Partners provided legal advisory support for the transaction.
Founded on April 23, 2015, Vento Power Infra is engaged in the development and operation of a 40 MW (AC) grid-connected solar power project in Bolangir District, Odisha. The project is contracted to supply electricity at a tariff of ₹4.1 per unit for about 18 years, ensuring long-term revenue visibility.
Financially, the company reported turnovers of ₹19.86 crore in FY22, ₹17.34 crore in FY23, and ₹16.50 crore in FY24. However, its net worth stood at negative ₹79.18 crore as of March 2024. Enviro Infra Engineers has acquired 100% ownership for a cash consideration of ₹115.61 crore, making Vento Power Infra a wholly-owned subsidiary of EIE Renewables and a step-down subsidiary of Enviro Infra Engineers.
This acquisition marks a significant step in Enviro Infra Engineers’ strategic diversification into the renewable energy sector. By entering the solar energy space, the company strengthens its presence in India’s rapidly growing clean energy market, aligning with the country’s ambitious renewable energy targets.
The company highlighted that the transaction was conducted entirely on an arm’s length basis, with no involvement of promoters or related entities. Moreover, the acquisition did not require any additional governmental or regulatory approvals.
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