EMS Ltd emerges L1 for order worth Rs. 681.49 crores

EMS Limited has receipt the lowest bidder (L-1) status as its biggest tender awarded by Kolkata Municipal Corporation. The order is for Design, Build, Test and Commissioning of Pollution abatement work for Rejuvenation of River Adi Ganga, Kolkata, West Bangal to be executed within a period of 36 months (including trial run for 3 months) and O & M period of 15 years thereafter.

The estimated order value is approximately Rs. 68149.43 lakhs (Rupees Sixty-Eight Thousand One Hundred Forty-Nine lakhs and FortyThree Thousand only) wherein EMS Limited is having 74% share and with the Other JV Partner having 26% share, including Operations & Maintenance of 15 years.

Shares of EMS Limited was last trading in BSE at Rs. 815.40 as compared to the previous close of Rs. 754.40. The total number of shares traded during the day was 83227 in over 4628 trades.

The stock hit an intraday high of Rs. 833.10 and intraday low of 736.00. The net turnover during the day was Rs. 64699722.00.

Source : Equity Bulls

Keywords

EMS WaterSupply Management INE0OV601013 L1 Tender LowestBidder KolkataMunicipalCorporation