EMS bags L-1 status for Rs 222 Cr water infra order from Rajasthan govt

Government or defence orderBusiness Updates View source PDF Explain this filing

EMSLIMITED · price

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹394.20

prior close

₹404.95

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.5% vs market

Waste Management peers, median of 7sector-1.2%+3.3% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 3.3 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.1

10m

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15m

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30m

+0.7

Sessions after the filingfrom the prior close

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Reaction day

+2.1+0.5+1.5-1.2+3.3

Next day

+0.1+0.8-0.7-1.2+1.3

-2.6+1.0-3.6-1.4-1.2

-3.1+0.6-3.7-1.4-1.7

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15d

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-7.7+0.8-8.5-3.2-4.5

-23.2-5.7-17.5-13.1-10.1

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UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

EMS Limited has received lowest bidder (L-1) status from the Public Health Engineering Department, Government of Rajasthan for water infrastructure work in Udaipur district. The order, valued at approximately Rs. 22,245.82 lakhs (about Rs. 222 crores), covers water treatment plants, pumping stations, and about 185.4 km of pipeline under the AMRUT 2.0 scheme. Execution period is 24 months, with 5 years of O&M. Formal Letter of Award is yet to be received.

Likely market impact

Positive. Significant government order strengthens order book. L-1 status indicates likely win but formal Letter of Award is still pending.