BAJAJ BROKING
EMS secures a ₹681.5 crore contract in a joint venture from Kolkata Municipal Corporation. With a 74% share, this project enhances its water infrastructure expertise.
EMS has received a Letter of Award (LoA) in a joint venture for a project worth ₹681.5 crore from Kolkata Municipal Corporation. EMS holds a 74% share in this contract, equating to ₹504.31 crore. The project focuses on developing advanced water infrastructure, a crucial component of Kolkata’s urban development initiatives.
Also read: Federal Bank Raises ₹1,500 Crore in Maiden Infrastructure Bond Issuance
Contract Value: ₹681.5 crore.
EMS Share: 74%, translating to ₹504.31 crore.
Client: Kolkata Municipal Corporation.
Focus Area: Advanced water infrastructure development.
Implication: Boosts EMS’s portfolio in urban water management.
Also read: Tata Chemicals Europe to Invest ₹655 Crore in UK Sodium Bicarbonate Plant
The awarded project aims to improve water infrastructure in Kolkata, addressing urban water supply and sewage management challenges. EMS, with its substantial 74% stake, will lead the joint venture to execute critical tasks such as:
Construction of water treatment plants.
Modernisation of sewage systems.
Implementation of sustainable water resource management.
This project reinforces EMS's role in infrastructure development while contributing to sustainable urban growth.
Details | Metrics |
Total Contract Value | ₹681.5 crore |
EMS Share (74%) | ₹504.31 crore |
Client | Kolkata Municipal Corporation |
Project Start Date | 2024 |
Key Deliverables | Water treatment & sewage systems |
The announcement of this contract positively impacted the EMS share price, reflecting increased investor confidence. Shares of EMS saw a noticeable uptick, aligning with the company’s growing reputation in urban infrastructure.
The deal strengthens EMS’s portfolio and positions it as a leader in water management solutions. As the project unfolds, it is expected to contribute significantly to revenue and reinforce the company’s standing in the industry.
The ₹681.5 crore contract from Kolkata Municipal Corporation marks a strategic win for EMS. With its 74% share, the project highlights EMS’s capability to execute large-scale urban infrastructure projects. This development could influence the EMS share price, reflecting its growth trajectory in the infrastructure sector.
Read more: Quality Investment Holdings PCC to Sell 9.43% Stake in PNB Housing Finance
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Stress Testing: Meaning, How It Works, Types and Examples
20 Dec, 2024 | 5 Min. read
Hyundai Motor India Partners with Amara Raja for AGM Battery Technology
20 Dec, 2024 | 2 Min. read
KPI Green Energy Signs MoU with Rajasthan for Hybrid Solar-Wind Projects
20 Dec, 2024 | 2 Min. read
JK Cement Wins Bid for Mahan Coal Mine in Madhya Pradesh
20 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Hints At Consolidation Between 23,800-24,500
20 Dec, 2024 | 4 Min. read
SEBI Tightens SME IPO Rules with Focus on Financial Stability
20 Dec, 2024 | 2 Min. read
Bajaj Broking Research Desk’s Calendar Year 25 Strategy Report
20 Dec, 2024 | 2 Min. read
Know the Objective & Analysis of Ventive Hospitality IPO
20 Dec, 2024 | 3 Min. read
How to Apply for Ventive Hospitality IPO & Check Allotment Status?
20 Dec, 2024 | 3 Min. read
How to Apply for Carraro India IPO & Check IPO Allotment Status?
20 Dec, 2024 | 3 Min. read
Gold Price in India | Gold and Silver Prices Drop Amid Market Volatility
19 Dec, 2024 | 37 Min. read
How to Apply for Mamata Machinery IPO & Check Allotment Status?
19 Dec, 2024 | 3 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading