MoneyWorks4Me

EMS rises on getting LoA from Uttarakhand Urban Sector Development Agency

22 Jul 2024 Evaluate

EMS is currently trading at Rs. 674.05, up by 3.15 points or 0.47% from its previous closing of Rs. 670.90 on the BSE.

The scrip opened at Rs. 691.80 and has touched a high and low of Rs. 696.65 and Rs. 665.20 respectively. So far 38583 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 713.65 on 02-Jul-2024 and a 52 week low of Rs. 246.50 on 27-Sep-2023.

Last one week high and low of the scrip stood at Rs. 699.15 and Rs. 622.00 respectively. The current market cap of the company is Rs. 3746.39 crore.

The promoters holding in the company stood at 69.70%, while Institutions and Non-Institutions held 4.21% and 26.08% respectively.

EMS has received a letter of Acceptance (LoA) from Uttarakhand Urban Sector Development Agency for Development of Water Supply and Sewerage System with 18 years O&M in Vikas Nagar Dehradun, Uttarakhand. The order value is around Rs 535.19 crore wherein EMS is having 95% share with the Other JV Partner.

EMS is in the business of Sewerage solution provider, Water Supply System, Water and Waste Treatment Plants, Electrical Transmission and Distribution, Road and Allied works, operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies.


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