This Sunil Singhania-backed water infra stock could be the biggest story of 2025

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Subscribe to enjoy similar stories. On the surface, this newly listed water management stock may look like the biggest story to watch out for in 2025. Why, you ask? It belongs to the red-hot water management sector, and we recently explained why stocks involved in this industry could make big moves in 2025.

This company is backed by some of the big names in the Indian stock market–Sunil Singhania and Mukul Agrawal. But below the surface, there is an intricate dynamic at play that may be viewed as ‘make or break’ for this company. Given all these factors, an overview of how this newly listed stock ended up in today’s situation, is warranted.

Let’s take it from the top… Enviro Infra Engineers is engaged in the design, construction, operation, and maintenance of water and waste-water treatment plants and water supply projects for government agencies. The company was incorporated in 2009, and it is promoted by Sanjay Jain and Manish Jain. The company has a special purpose vehicle called EIEPL Bareilly Infra Engineers for its hybrid annuity model (HAM) project.  This company was established in 2021, and it’s currently developing three sewage treatment plants at Bareilly.

This project has been awarded by Uttar Pradesh Jal Nigam and is funded by National Mission for Clean Ganga. In addition, it holds a 74% stake in one of its subsidiaries, EIEL Mathura Infra Engineers. This company is currently building a 60 MLD sewage treatment plant and sewerage scheme in Mathura.

The project also includes installing a solar power plant. Shares of Enviro Infra Engineers made a strong start as it was listed at ₹220, a premium of almost 50% over its issue price of ₹148. The company raised ₹650 crore through the IPO and was listed on 29 November