EMS Limited bags H-1 status for 2 NHAI fee plaza orders worth Rs 42.22 cr
EMSLIMITED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.1 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.
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EMS Limited received Highest Bidder (H-1) status from NHAI for two user fee collection contracts. One is for Rangamati Fee Plaza in Assam worth Rs. 2,230.55 lakhs, the other for Bartana Fee Plaza in Haryana worth Rs. 1,991.27 lakhs. Total combined value is about Rs. 4,221.83 lakhs excluding TCS. Both contracts are for 1 year. No related party interest. Letter of Award yet to be received.
Positive: new government contract strengthens order pipeline. However H-1 status is not a final award, Letter of Award is still pending.