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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 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.
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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.
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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 |
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
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