Shares of EMS Limited are likely to remain in focus after the company announced it has received a Letter of Acceptance (LOA) for a significant project awarded by UP Jal Nigam (Urban).
In a regulatory filing on July 18, EMS said it has secured the order for a total value of approximately ₹98.8 crore (excluding GST). This comes after the company was declared the lowest bidder (L1) for the tender last month.
The project involves surveying, soil investigation, design, supply of all materials, labour, tools & plants, and execution of works for the “Package-2 of Nagar Nigam Ayodhya Sewerage Scheme District-I Part-II & District-1 Part-I Zone-1 & 2.”
According to the company, the work is to be completed within 21 months from the date of commencement.
The order has been awarded by a domestic entity — UP Jal Nigam (Urban) — and does not fall under related party transactions, the filing clarified.
Ashish Tomar, Managing Director & CFO of EMS Limited, signed off the announcement and requested exchanges to take the disclosure on record.
This fresh order is expected to strengthen EMS’s order book and support its growth momentum in the infrastructure segment.
