According to Business Standard, EMS Ltd has received a Letter of Acceptance (LoA) from UP Jal Nigam (Urban), Varanasi for a sewerage infrastructure project worth ₹102.85 crore. The company's shares rose 1.79% to ₹437.25 following the contract announcement, marking a recovery from the previous decline. The project involves the laying of sewer networks and providing house sewer connections in four wards - Shivpurwa, Tulasipur, Birdopur and Kajipura out of 18 identified problematic wards in Nagar Nigam, Varanasi. The contract will be executed on a turnkey basis over 24 months and includes surveying, soil investigation, design, supply of materials, laying and jointing of sewer pipelines, and house sewer connections.
As reported by Business Standard, the scope of work encompasses the construction of a 10 MLD sewage treatment plant (STP) with co-treatment facility, sewage pumping station (SPS), boundary wall, staff quarters, site development, laying of rising mains, sewer network and sewer house connections. The project involves laying and jointing internal and peripheral sewer lines in Tikri Kalan GOC under the command of the proposed STP at Tikri Kalan, to be executed over 15 months. The company stated that the order has been awarded by a domestic entity, with its promoter, promoter group and group companies having no interest in the awarding entity and the contract not falling under related-party transactions.
According to Business Standard, this latest award follows EMS Ltd's receipt of the lowest bidder (L-1) status from the Delhi Jal Board, Delhi Government last week for a sewerage work project with an estimated order value of approximately ₹158.29 crore, including GST. That project involves providing, laying and jointing internal and peripheral sewer lines in Tikri Kalan GOC under the command of the proposed STP at Tikri Kalan, to be executed over 15 months.
As reported by Business Standard, shares of EMS Ltd rose 1.79% to ₹437.25 following the contract announcement, marking a recovery from the previous decline. The company's recent financial performance shows challenges with consolidated net profit declining 88% year-on-year to ₹5.59 crore in the fourth quarter of FY26, while net sales fell 55.3% to ₹120.50 crore. However, the latest contract win is expected to boost investor confidence in *EMS'*s bidding competitiveness and highlights the continued robust Capex by state agencies like UP Jal Nigam. The order win increases the company's unexecuted order book by approximately 4-6% based on estimated FY25 year-end figures, with revenue visibility improved for the next 18-24 months.
