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EMS Secures ₹681.5 Crore JV Contract with Kolkata Municipal Corporation

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Synopsis:

EMS secures a ₹681.5 crore contract in a joint venture from Kolkata Municipal Corporation. With a 74% share, this project enhances its water infrastructure expertise.

EMS news today

EMS has received a Letter of Award (LoA) in a joint venture for a project worth ₹681.5 crore from Kolkata Municipal Corporation. EMS holds a 74% share in this contract, equating to ₹504.31 crore. The project focuses on developing advanced water infrastructure, a crucial component of Kolkata’s urban development initiatives.

Also read: Federal Bank Raises ₹1,500 Crore in Maiden Infrastructure Bond Issuance

EMS LIMITED

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854.69.54 (1.12 %)

Updated - 03 December 2024
871.00day high
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840.10day low
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Key Takeaways

  • Contract Value: ₹681.5 crore.

  • EMS Share: 74%, translating to ₹504.31 crore.

  • Client: Kolkata Municipal Corporation.

  • Focus Area: Advanced water infrastructure development.

  • Implication: Boosts EMS’s portfolio in urban water management.

Also read: Tata Chemicals Europe to Invest ₹655 Crore in UK Sodium Bicarbonate Plant

Project Highlights And Scope

The awarded project aims to improve water infrastructure in Kolkata, addressing urban water supply and sewage management challenges. EMS, with its substantial 74% stake, will lead the joint venture to execute critical tasks such as:

  • Construction of water treatment plants.

  • Modernisation of sewage systems.

  • Implementation of sustainable water resource management.

This project reinforces EMS's role in infrastructure development while contributing to sustainable urban growth.

Details

Metrics

Total Contract Value

₹681.5 crore

EMS Share (74%)

₹504.31 crore

Client

Kolkata Municipal Corporation

Project Start Date

2024

Key Deliverables

Water treatment & sewage systems

EMS Share Price Performance

The announcement of this contract positively impacted the EMS share price, reflecting increased investor confidence. Shares of EMS saw a noticeable uptick, aligning with the company’s growing reputation in urban infrastructure.

The deal strengthens EMS’s portfolio and positions it as a leader in water management solutions. As the project unfolds, it is expected to contribute significantly to revenue and reinforce the company’s standing in the industry.

The ₹681.5 crore contract from Kolkata Municipal Corporation marks a strategic win for EMS. With its 74% share, the project highlights EMS’s capability to execute large-scale urban infrastructure projects. This development could influence the EMS share price, reflecting its growth trajectory in the infrastructure sector.

Read more: Quality Investment Holdings PCC to Sell 9.43% Stake in PNB Housing Finance 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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