EMSLIMITEDNSEEMS LimitedHighPositive
Announced Fri, 17 Apr · 20:01 IST

Ems Limited has informed the Exchange about Receipt of Lowest Bidder (L-1) Status Awarded by UP Jal Nigam (Urban), Varanasi

Business Updates View source PDF

EMSLIMITED · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+10.4%1-day move
₹342.50
prior close
₹369.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+6.1+6.3+6.1+4.8+10.4+9.2+6.8+3.9+4.4+3.5-2.6-7.4+18.3+26.0
Up moveDown movePending
AI summary

EMS Limited has been declared the lowest bidder (L-1) for two sewer infrastructure projects in Varanasi, awarded by UP Jal Nigam (Urban). The first order is worth Rs. 14,379.53 lakhs with a 24-month execution timeline, covering sewer network laying and house connections in 5 problematic wards. The second order is worth Rs. 6,484.93 lakhs over 18 months, including sewer works and a 23 MLD Sewage Pumping Station (SPS) in 2 wards. Combined order value is approximately Rs. 20,864.46 lakhs (Rs. 208.64 crore), excluding GST. Both contracts are domestic, awarded on a turn-key basis, and the company has confirmed no related party involvement.

Likely market impact

This is a positive development for EMS Limited as it secures a large government infrastructure order, which could meaningfully boost the company's order book and revenue over the next 2 years. The sewer infrastructure projects in Varanasi indicate steady execution capability in urban civic projects.