EMS Ltd has emerged as the lowest bidder (L-1) for two sewerage infrastructure projects awarded by UP Jal Nigam (Urban) in Varanasi, with a combined order value of approximately ₹208.6 crore (excluding GST), according to an exchange filing. The contracts were awarded on standard terms with no promoter or related-party interest involved, as disclosed in the regulatory filing.
The first contract, valued at approximately ₹143.8 crore, involves surveying, soil investigation, design, and execution of sewer network laying and household connections across five wards - Durgakund, Nariyan, Sarainandan, Jolha Northan, and Bhelupur, under a broader project covering 18 problematic wards of Nagar Nigam, Varanasi. The second project, worth around ₹64.8 crore, covers similar work in Hukulganj and Nai Basti wards, along with the construction of a 23 MLD sewage pumping station.
Both projects are domestic turnkey contracts and are to be executed within 24 months and 18 months respectively, as reported by CNBC TV18. The company stated that the contracts were awarded on standard terms, with no promoter or related-party interest involved, as disclosed in its regulatory filing.
Shares of EMS Ltd ended marginally higher on Friday, April 17, by 0.85% at ₹345.65 on the NSE, according to CNBC TV18. The positive market response reflects investor confidence in the company's ability to execute these significant infrastructure projects in the Varanasi region.
