Ems Limited has informed the Exchange about the L1 Status awarded by UP Jal Nigam (Urban) for the work of "Package-2 of Nagar Nigam Ayodhya Sewerage Scheme District-1 Part-II & District-1 Part-I Zone-1 & on turn-key basis
EMSLIMITED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
EMS Limited has been declared the lowest bidder (L-1) by UP Jal Nigam (Urban), a Uttar Pradesh government agency, for the Package-2 of Nagar Nigam Ayodhya Sewerage Scheme covering District-1 Part-II and District-1 Part-I Zone-1 & 2. The estimated order value is approximately Rs. 98.80 crores (Rs. 9,879.72 lakhs), excluding GST. The scope of work includes surveying, soil investigation, design, supply of all materials, labour, and tools on a turnkey basis, with a 21-month execution timeline. The order is awarded by a domestic government entity and is not a related party transaction.
This Rs. 98.80 crore government order strengthens EMS Limited's order book and provides revenue visibility for the next ~2 years, which is a positive development for shareholders. Confirmation of L-1 status typically leads to formal contract award, though execution and payment timelines in government projects can sometimes cause short-term cash flow considerations.