Shares of EMS Limited surged approximately 14% on Monday, April 20, after the company announced it has received the lowest bidder status for two construction contracts awarded by UP Jal Nigam (Urban), Varanasi.
The stock opened at ₹369.85 against its previous close of ₹345.65, touching a session high of ₹390.00 and a low of ₹366.40. The 52-week range stands between ₹256.05 and ₹695.40.
According to the company’s exchange filing, EMS Limited has received L-1 status from UP Jal Nigam (Urban), Varanasi for two separate construction works. The first contract is valued at approximately ₹14,379.53 lakhs (₹143.79 crore), covering surveying, soil investigation, design, supply of materials, and laying of sewer networks and house connections across 18 problematic wards of Nagar Nigam, Varanasi, on a turnkey basis. The contract is to be executed within 24 months.
The second contract is valued at approximately ₹6,484.93 lakhs (₹64.84 crore), covering similar scope of work including laying and jointing of sewer networks, rising mains, sewer house connections, and construction of a 23 MLD sewage pumping station across 18 problematic wards of Nagar Nigam, Varanasi. This contract is to be executed within 18 months.
EMS Limited is an infrastructure and construction company engaged in water and wastewater management projects, including sewerage networks, water supply systems, and related civil works, primarily serving government and municipal clients across India.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.