EMS Limited has entered into a partnership with Neercare India Private Limited for sewage treatment and related infrastructure work.
The decision was approved by the company’s board of directors at its meeting held on December 31, 2025, according to a regulatory filing .
The partnership has been formed under the name EMS NIPL JV. EMS will hold a 74% stake in the partnership and will act as the lead partner.
The arrangement is domestic and has been set up as a partnership firm rather than a separate corporate entity .
The EMS NIPL JV will carry out work related to the design and construction of sewage treatment plants, sewage pumping stations, sewerage networks, and other connected structures. The scope also includes civil and allied works that form part of sewage and wastewater management projects.
The partnership has been created to complete a work order awarded by the Kolkata Municipal Corporation. The project relates to pollution abatement and rejuvenation work for the Adi Ganga river in Kolkata, West Bengal. The work will be executed within the scope defined under the municipal contract.
The initial capital of the EMS NIPL JV has been set at ₹1 lakh. EMS will contribute up to ₹1 lakh as its initial capital contribution. With a majority stake, EMS will retain control over the partnership’s operations. Key terms of the agreement have been mutually agreed between the partners.
In the same board meeting, EMS also approved a separate partnership with Mr Gajendra Parihar under the name EMS Concrete.
EMS will hold a 75% stake in this partnership. The business will cover manufacturing, batching, supply, transport, and sale of ready-mix concrete and related materials. The transaction has been disclosed as being conducted on an arm’s length basis.
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As of January 01, 2026, 11:12 am, EMS Ltd share price was trading at ₹432.20, a 0.05% increase from the previous closing price.
The 2 partnerships were approved on the same day and relate to sewage infrastructure and construction materials, with EMS holding majority stakes in both arrangements.
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Published on: Jan 1, 2026, 11:29 AM IST
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