EMS Limited Awarded L-1 Status for UP Jal Nigam Projects Worth ₹14379.53 Lakhs & ₹6484.93 Lakhs
EMS Limited received L-1 bidder status for two UP Jal Nigam projects in Varanasi. The first order is valued at ₹14379.53 lakhs and is for 24 months. The second order is valued at ₹6484.93 lakhs and is for 18 months. Both contracts involve sewer network laying and house connections.
The combined value of the two projects is substantial (over ₹200 crore), which is expected to have a significant positive impact on the company's revenue and growth prospects.
The company has been awarded L-1 status for two significant projects, which is a positive development indicating new business and revenue generation opportunities.
EMS Limited has announced its receipt of the Lowest Bidder (L-1) status for two construction works awarded by UP Jal Nigam (Urban), Varanasi. The first project has an estimated order value of ₹14379.53 lakhs (approximately ₹143.80 crore) excluding GST and is to be executed within 24 months. This work involves surveying, soil investigation, design, and supply of all necessary materials, labor, and temporary works for laying sewer networks and house connections in specific problematic wards of Nagar Nigam, Varanasi, on a turnkey basis.
The second project, also awarded by UP Jal Nigam (Urban), Varanasi, has an estimated order value of ₹6484.93 lakhs (approximately ₹64.85 crore) excluding GST and is to be completed within 18 months. This contract also covers surveying, soil investigation, design, and supply of all materials and labor for laying sewer networks, house connections, and the construction of a 23 MLD SPS in other specified problematic wards of Nagar Nigam Varanasi, on a turnkey basis.
Both contracts are with a domestic entity, and EMS Limited has confirmed that the promoters, promoter group, or group companies do not have any interest in the awarding entity. The company has also stated that these orders do not fall within related party transactions. EMS Limited has undertaken to provide further updates on the developments related to these projects.
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EMS Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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