EMS Share Price Surges Over 2%; Receives ₹102.85 Crore LoA for Varanasi Sewer Network Project

EMS Limited has received a Letter of Acceptance (LoA) from UP Jal Nigam (Urban), Varanasi for a sewer infrastructure project in Uttar Pradesh. 

The contract, valued at approximately ₹102.85 crore (excluding GST), covers the laying of sewer networks and house connections in selected wards of Varanasi under a turnkey execution model.  

Receives ₹102.85 Crore LoA 

The company has secured the LoA from UP Jal Nigam (Urban), Varanasi after earlier being declared the lowest bidder (L1) for the project. 

The estimated order value stands at ₹102.85 crore (excluding GST). 

Scope of Work 

The turnkey project involves surveying, soil investigation, design, material supply, labour and execution for sewer infrastructure works. 

The scope includes laying and jointing of sewer networks and providing sewer house connections in Shivpurwa, Tulasipur, Birdopur and Kajipura, four of the 18 identified problematic wards under Nagar Nigam, Varanasi.  

Project Execution Timeline 

EMS Limited will execute the domestic infrastructure project over a period of 24 months. 

The company clarified that the contract has been awarded by a domestic government entity and does not involve any related-party transaction.  

Read More: Anupam Rasayan Share Price in Focus; Signs $300 Million LoI With BASQUEVOLT, S.A.! 

EMS Share Price Performance 

As of 15 July 2026, EMS share price was closed at ₹441.40 per share, reflecting a surge of 2.76% from the previous trading session. 

Conclusion 

The receipt of the Letter of Acceptance enables EMS Limited to commence work on the ₹102.85 crore sewer infrastructure project in Varanasi. The order further strengthens the company's municipal infrastructure portfolio and enhances its execution pipeline.  

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.