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Hot Pursuit News

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(19 Jan 2024, 14:31)

EMS jumps on emerging as L-1 bidder for Rs 479-cr project

EMS rallied 4.04% to Rs 476 after the company emerged as lowest bidder (L-1) for a tender floated by Uttarakhand Urban Sector Development Agency worth Rs 478.93 crore.


The order entails development of water supply and sewerage system with 18 years of operations and maintenance services at Vikas Nagar in Uttarakhand.

EMS is a multi-disciplinary EPC company, headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment and disposal.

The company's consolidated net profit jumped 53.69% to Rs 45.28 crore on 73.88% jump in net sales to Rs 210.52 crores in Q2 FY24 over Q2 FY23.

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