Ems Limited has informed the Exchange about Letter of Acceptance (LOA) received from the office of The Kolkata Municipal Corporation
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EMS Limited has received a Letter of Acceptance from The Kolkata Municipal Corporation for a pollution abatement and river rejuvenation project on the Adi Ganga in Kolkata, West Bengal. The total order value is approximately Rs. 78,197.91 lakhs (about Rs. 782 crore), including GST, O&M, and other charges, with EMS holding a 74% share in the joint venture (around Rs. 579 crore to EMS). The contract involves a 36-month design and build period followed by a 15-year operation and maintenance period. The order follows the company's earlier L1 (lowest bidder) intimation from September 19, 2024.
This is a significant, long-tenure order for EMS that materially adds to its order book, provides revenue visibility for over 15 years, and strengthens its presence in the water and environmental infrastructure segment. The order is positive for future revenue and earnings, though execution risks on a multi-year project remain.