EMS Limited emerges as the lowest bidder in Rs 148.10 crore tender by Uttarakhand Power Corporation Ltd

Ghaziabad-headquartered Water and Sewerage Infrastructure player EMS Ltd today announced emerging as the lowest bidder (L-1) in the tender from the Uttarakhand Power Corporation Ltd, Dehradun. The tender is for the supply, installation, testing, and commissioning of infrastructure works and loss reduction on a turnkey basis and is valued at Rs 148.10 crore.

The project falls under the "Revamped Reforms-Linked Results-Based Distribution Sector Scheme, Circle -Rural Dehradun" - floated by the Uttarakhand Power Corporation, the company said in a notification to stock exchanges.

Commenting on the development, Ashish Tomar, Managing Director, EMS Limited, said, "We are really happy to have emerged as the L1 in the tender floated by Uttarakhand Power Corporation Ltd. As a part of the tender, we will supply, install, test and commission infrastructure work for UPCL VCVGS Urja Bhawan, Dehradun, and reduce losses on a turnkey basis. With our expertise in this field and an experienced team of professionals, we are confident of adding value to this project."

EMS Limited, established in 2010, is a Ghaziabad-based company that specializes in providing a wide range of services in sewerage solutions, water supply systems, and wastewater schemes. The company's operations span across several states, including Uttar Pradesh, Bihar, Uttarakhand, and Rajasthan.

The company registered a 24.02 per cent rise in standalone net profit at Rs 36.81 crore for the quarter ended December 31, 2023, as against Rs 29.68 crore in the same period last year, riding on the back of higher revenues and buoyant demand. The company's operating income on a standalone basis increased by nearly 33.53 per cent at Rs 183.11 crore during the quarter ended December 31, 2023, up from Rs 137.12 crore in the same period last year.

Shares of EMS Limited was last trading in BSE at Rs. 442.05 as compared to the previous close of Rs. 430.10. The total number of shares traded during the day was 30604 in over 1593 trades.

The stock hit an intraday high of Rs. 451.70 and intraday low of 427.85. The net turnover during the day was Rs. 13544581.00.

Source : Equity Bulls

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