Water Management stock a Turnkey solution provider with full-stack in-house capabilities across the entire value chain of water management jumped upto 8 percent in the day’s trade upon receiving a new work order worth Rs. 105.08 Crores.
Price Action
With a market capitalization of Rs. 4,802 Crores, the shares of EMS Limited were trading at Rs. 864.75 per equity share, up 8 percent from the previous day’s close price of Rs. 596.60.
New Work order
EMS Limited engaged in providing complete, single-source services from engineering and design to construction and installation of water, wastewater, and domestic waste treatment facilities, has received a new work order from Deltabulk Shipping India Pvt Ltd for a consideration of Rs. 105.08 Crores.
It involves the Development, Operation, and Maintenance of the Multimodal Logistics Park (MMLP) at Nagpur at Sindi, in Wardha District in the State of Maharashtra through Public Private Partnership on a Design, Build, Finance, Operate, and Transfer (DBFOT) Basis and it is to be executed within 8 months.
The main project was signed by NHAI with DC Multi-Modal Park Limited, an SPV of DeltaBulk Shipping India Pvt ltd, for Multi-modal Connectivity, for integrated planning and coordinated implementation of infrastructure connectivity projects as part of PM Gati Shakti National Master Plan.
EMS Limited is a Turnkey solution provider with full-stack in-house capabilities across the value chain, leveraging a scalable and asset-light business model, strong financial position, and industry experience. It has a strong customer base with presence across 6 states.
As per the latest financials available, its Revenue from operations grew by 7.9 percent from Rs. 218.16 Crores in Q2FY24 to Rs. 235.5 Crores in Q2FY25, accompanied by profits of Rs. 45.28 Crores to Rs. 49.65 Crores.
Written by: Bharath K.S
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