Synopsis:
Apex Ecotech Limited has recently secured two major Letters of Intent (LOIs). The first LOI is from Pragati Power Corporation Limited for the supply and installation of UF MBR membranes, while the second LOI is from Reliance Consumer Products Limited for establishing water treatment plants across two sites.
This company is a leading player in the environmental engineering and water treatment sector in India is now in focus after the stock hit a 20% upper circuit after securing LOIs from Pragati Power and Reliance Consumer Products.
With market capitalization of Rs. 218 cr, the shares of Apex Ecotech Limited are currently trading at Rs. 163 per share, hitting a 20% upper circuit in today’s market making a high of Rs. 165.60, from its previous close of Rs. 138 per share.
Fresh orders
Apex Ecotech Limited, formerly Apex Ecotech Private Limited has received significant Letters of Intent (LOIs) from two prominent entities. The first LOI, from Pragati Power Corporation Limited, a Government of NCT of Delhi undertaking, pertains to the supply and installation of UF MBR membranes, water treatment technology that combines ultrafiltration membranes with biological treatment to purify wastewater and other necessary components, with an order value between Rs. 3 crores and 5 crores, scheduled for execution in the financial year 2025-26.
The second LOI, from Reliance Consumer Products Limited, relates to the establishment of water treatment plants (WTPs) at two domestic sites in India, with a total contract value ranging from Rs. 100 crores to 125 crores.
This project is planned in two phases, with approximately 70% of the work to be completed in FY 2025-26 and the balance in FY 2026-27. Both orders have been awarded under standard industry terms and conditions and do not involve any interest or connection with the promoters, promoter group, or related parties of Apex Ecotech Limited.
About the company
Apex Ecotech Limited is an Indian environmental engineering company specializing in water and wastewater treatment solutions. The company provides advanced technologies such as UF MBR membranes and water treatment plants, catering to both government and private sector clients.
The company demonstrated strong financial growth in the year ending March 2025, with sales increasing from Rs. 53.08 crore to Rs. 70.96 crore. Operating profit rose significantly to Rs. 11.15 crore from Rs. 8.93 crore, while net profit also recorded a substantial increase, reaching Rs. 8.56 crore compared to Rs. 6.63 crore in the previous year.
Written by Manideep Appana
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