Enviro Infra Engineers Ltd (EIEL) is a company based in Delhi that was established in 2009. They specialize in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government bodies in India.

EIEL has a portfolio of 28 projects and focuses on capacities of 10 MLD or more. They actively bid for state and local government contracts and often form joint ventures to enhance their technical and financial capabilities. EIEL is priced at a P/E ratio of 23.9x for FY24, which is considered fair compared to its listed peers.

The company is expected to benefit from government initiatives such as the Jal Jeevan Mission-Har Ghar Jal, AMRUT, the NAMAMI Gange Programme, and SWAJAL, which are anticipated to drive future growth. EIEL has a strong order pipeline and consistently delivers strong financial performance with industry-leading margins. Financial analysts recommend a "subscribe" rating for the IPO, as it presents medium- to long-term investment opportunities.