Rs 1,837 Crore Order Book: Waste Management Company Emerges as L1 Bidder for Rs 158 Crore Delhi Jal Board Project; Shares Jump 4%
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EMS Limited has emerged as the lowest bidder for a Rs 158.29 crore sewerage project from the Delhi Jal Board, reinforcing its domestic water and sewerage infrastructure order book.
✨ Key Takeaways
On Tuesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.48 per cent to 24,280.90. Amid the broader market weakness, EMS Limited share price traded at Rs 418.20, up 3.89 per cent from the previous close after the company emerged as the lowest bidder (L1) for a Delhi Jal Board sewerage infrastructure project valued at approximately Rs 158.29 crore (inclusive of GST).
EMS Emerges as L1 Bidder for Delhi Jal Board Project
EMS Limited has secured L1 (lowest bidder) status for a sewerage infrastructure project awarded by the Delhi Jal Board, Delhi Sarkar, Office of the Executive Engineer (C), DR-XV, Jal Sadan Annexe, Lajpat Nagar, New Delhi. The estimated contract value is Rs 15,828.57 lakh (approximately Rs 158.29 crore), inclusive of GST. The company said it will provide further updates upon receipt of the formal Letter of Award (LoA).
Project to Be Executed Over 15 Months
The scope of work includes providing, laying and jointing internal and peripheral sewer lines in Tikri Kalan GOC under the command area of the proposed Sewage Treatment Plant (STP) at Tikri Kalan under NIT-01. The project is scheduled to be executed within 15 months.
The company stated that the project has been awarded by a domestic entity, and the terms and conditions are as per the contract. It also confirmed that neither the promoter nor the promoter group has any interest in the awarding authority and that the contract does not constitute a related-party transaction.
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Strengthens Order Book in Water Infrastructure
The latest project strengthens EMS Limited's presence in the water and wastewater management segment and adds another domestic infrastructure project to its portfolio. The order supports the company's continued participation in public-sector initiatives focused on expanding sewerage networks and sewage treatment infrastructure.
About EMS Limited
EMS Limited is an engineering, procurement and construction (EPC) company engaged in the execution of water supply systems, sewerage systems, sewage treatment plants, water treatment plants and related infrastructure projects across India.
The company primarily undertakes projects for government bodies and public sector entities, with expertise spanning the complete lifecycle of water and wastewater infrastructure development.
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Disclaimer: The article is for informational purposes only and not investment advice.