Stock Market: This smallcap company got an order of Rs 395 crore, keep an eye on the stock:

News Topical, Digital Desk : The stock of water supply management company Enviro Infra, included in the BSE Smallcap Index, can see action in Thursday's trading. In fact, the company has informed that its joint venture has received an order of about Rs 400 crore. The company is the lead member in this joint venture. The company has given this information after the market closed. The stock has seen a rise in Wednesday's trading and the stock has closed with a gain of about 5 percent.

What information has the company given?

The company has informed that this order has been given to its joint venture with AltoraPro Infrastructure by Maharashtra Industrial Development Corporation i.e. MIDC. This contract is related to the upgradation of Common Effluent Treatment Plants in Kolhapur district and its objective is to reduce pollution under the Panchganga River Pollution Control Program. According to the company, the Letter of Intent for this project was issued on July 8 and it is to be completed within 24 months. The project includes design, supply, installation, construction, testing, commissioning and operation and maintenance of advanced facilities.

How was the performance of the stock? In Wednesday's trading, the stock has reached the level of 241 with a gain of 5 percent. During the session, the stock had reached the level of 244. The highest level of the stock for the year is 392. At the same time, the lowest level of the year is 170. The total market cap of the company is Rs 4230 crore.