EMSLIMITEDBSEEMS LtdHighPositive
Announced Wed, 6 May · 13:23 IST

Intimation regarding receipt of Letter of Award from UP Jal Nigam, Varanasi for construction of 2 wards namely Hukulganj and Naibasti out of 18 problematic wards. Estimated order Value ....

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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹369.00
prior close
₹364.20
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AI summary

EMS Ltd has received a Letter of Award (LOA) from UP Jal Nigam (Urban), Varanasi for laying sewer network and house connection work in 2 wards namely Hukulganj and Naibasti out of 18 problematic wards in Nagar Nigam, Varanasi. The estimated order value is Rs. 6484.93 Lakhs (approximately Rs. 64.85 crore), excluding GST. The work includes surveying, soil investigation, design, supply of materials, labour, laying sewer network, providing house connections, and construction of a 23 MLD Sewerage Pumping Station on a turnkey basis. The contract is to be executed over 18 months. This is a domestic government order with no related party involvement.

Likely market impact

This order provides a substantial revenue visibility for EMS Ltd in the government infrastructure segment. The Rs. 64.85 crore contract over 18 months represents a meaningful contribution to the company's order book from a government client.