EMS Limited emerges as highest bidder for NHAI work order worth ₹283.88 crore
EMS Limited has been declared the Highest Bidder (H-1) by NHAI for operations at the Varshamedi Fee Plaza in Gujarat. The estimated order value is approximately ₹283.88 crore for a one-year contract.
The order value of ₹283.88 crore is substantial and is expected to contribute positively to the company's revenue and market position.
The company has secured a significant new order, which is a positive development for its business prospects.
EMS Limited has received the Highest Bidder (H-1) status awarded by the National Highways Authority of India (NHAI) for operations at the Varshamedi Fee Plaza.
The project involves the four-lane operation with a paved shoulder of NH-341 from Bhimasar Junction of NH-41 to Anjar-Bhuj up to Airport Junction, covering a stretch from Km 0.000 to Km 65.478 in the state of Gujarat.
The estimated order value, excluding Tax Collected at Source (TCS), is approximately ₹2,838.88 lakhs (₹283.88 crore). The contract is for a period of one year and pertains to the engagement of a User Fee Collection Agency through competitive bidding via e-tender, along with the upkeep and maintenance of adjacent toilet blocks.
EMS Limited will provide further updates upon receipt of the Letter of Award (LOA) for this project.
A plain-language summary of a public exchange filing by EMS Limited. Read the original for the full detail.