EMS Ltd Receives ₹64.85 Crore UP Jal Nigam Order; Shares Slip 0.35% 

Mumbai, May 6: EMS Ltd said it has received a letter of award from UP Jal Nigam (Urban), Varanasi, for sewer network laying and house connection works valued at ₹64.85 crore, excluding GST, according to an exchange filing. 

The project adds to the company’s growing order pipeline in the urban water and wastewater infrastructure segment, where state-led investments continue to drive project activity. 

EMS Secures Sewer Infrastructure Project in Varanasi 

According to the disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the contract involves laying sewer networks and providing house connections across 18 problematic wards under Nagar Nigam, Varanasi. 

The company said the scope of work includes surveying, soil investigation, design, supply of materials, labour, testing and commissioning on a turnkey basis. 

The project also includes construction of a 23 MLD sewage pumping station as part of the broader sewer infrastructure upgrade. 

As per the filing, the total order value excluding GST stands at ₹64.8493 crore. The project has been awarded by UP Jal Nigam (Urban), Varanasi, which the company classified as a domestic entity. 

EMS said the contract is expected to be completed within 18 months. 

The company also clarified that neither its promoter group nor related entities have any interest in the awarding authority and that the transaction does not qualify as a related party transaction. 

The order comes as several state governments continue increasing investments in urban sanitation, wastewater management and sewer infrastructure projects under city development and public utility improvement programs. 

Stock Market Snapshot 

EMS share price traded slightly lower on May 6 despite the announcement of the new infrastructure project. 

The stock was trading at ₹367.30 on the NSE at 1:52 p.m. IST, down 0.35% from the previous close of ₹368.60, according to exchange data. 

During the session, the stock touched an high of ₹374.05 and a low of ₹361.25. 

The stock also remained below its 52-week high of ₹682.85 during the trading session. 

Source: NSE

EMS Focuses on Water and Wastewater Infrastructure Projects 

EMS Ltd operates in the water and wastewater management segment with execution capabilities across sewerage systems, water supply projects, sewage treatment plants and related infrastructure works. 

The company undertakes EPC projects for government departments and urban local bodies across multiple states. 

Its portfolio includes sewage treatment plants, pumping stations and pipeline network development projects linked to municipal infrastructure upgrades. 

Conclusion 

The ₹64.85 crore Varanasi sewer infrastructure project further strengthens EMS Ltd’s order book in the municipal wastewater management segment. 

Investors are likely to monitor execution timelines, future government infrastructure tenders and order inflows as spending on urban sanitation and water infrastructure projects continues across states. 

Source: 

• https://www.nseindia.com/get-quote/equity/EMSLIMITED/EMS-Limited 
• https://nsearchives.nseindia.com/corporate/EMSLIMITED_06052026132624_Intimation_Receipt_of_Award.pdf