Enviro Infra Engineers to Acquire Wind EPC Company Suyog Urja for INR 311 Crore
Enviro Infra Engineers has announced expansion into the wind EPC sector with the proposed acquisition of Suyog Urja in a deal valued at INR 311 crore payable in three tranches. In the first tranche, the company will be acquiring 51 percent stake for INR 111 crore. It will complement the company’s presence in the solar and BESS segments.
April 29, 2026. By Mrinmoy Dey
The acquisition, valued at a total of INR 311 crore, will be completed in three tranches. The company has acquired 51 percent for INR 111 crore. This will be followed by the acquisition of 24 percent stake for INR 108.85 crore in 2027, and the remaining 25 percent for INR 91.15 crore in 2028. The erstwhile Promoter, Chetraj Khadka (with an overall experience of 20 years), will continue as CEO. The transaction will be funded through a 50:50 mix of equity and debt, the company stated.
The acquisition enables Enviro to expand into the high-growth wind energy EPC segment, adding a critical capability to its existing renewable portfolio spanning solar and battery energy storage systems (BESS).
Commenting on this move, Sanjay Jain, Chairman, Enviro Infra Engineers, said, “Our strategy has consistently been to deepen our presence across the sustainability ecosystem, and the addition of wind EPC capabilities further strengthens that vision. Alongside our existing strengths in water and wastewater treatment, solar and energy storage, we are now well-positioned to deliver integrated, future-ready solutions to our clients. Suyog Urja brings deep domain expertise, a strong execution track record, and long-standing relationships with leading developers. With a healthy order book and strong growth visibility, this acquisition further strengthens our renewable platform and positions us to capitalise on emerging opportunities in the energy transition.”
Commenting on this acquisition, Chetraj Khadka, CEO, Suyog Urja, said, “Partnering with Enviro Infra Engineers marks an important milestone for Suyog Urja. Their strong balance sheet, execution track record, and growing presence in renewables provide the right platform for our next phase of growth. Together, we are well-positioned to scale our wind EPC capabilities, pursue larger and more complex projects, and deliver integrated renewable solutions across solar, wind, and storage.”
Post-acquisition, the consolidated order book of the ENVIRO group stands at approximately INR 5,600 crore – INR 4,400 crore in EPC (INR 2,500 crore water, INR 1,900 crore renewables), along with INR 1,200 crore in O&M and an IPP portfolio comprising 79 MW of solar and 150 MWh of BESS.
Suyog Urja operates an asset-light, zero-debt model with PAT margins above 11 percent. For FY26, it is expected to report revenue of INR 355 crore and PAT of 38 crore, supported by an order book of INR 650 crore, the company stated.
please contact: contact@energetica-india.net.
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