EMS Limited Emerges L-1 Bidder for ₹102.85 Cr Sewerage Project in Varanasi

$EMSLIMITED has secured the Lowest Bidder (L-1) status for a turnkey construction contract awarded by UP Jal Nigam (Urban), Varanasi. The estimated order value is approximately ₹10,284.76 lakhs (~₹102.85 crore), excluding GST. Key Deal Details: Scope of Work: Surveying, soil investigation, design, and construction of sewer networks and house connections. Project Location: 18 problematic wards within Nagar Nigam, Varanasi (including Shivpurwa, Tulasipur, Birdopur, and Kajipura). Execution Timeline: 24 months. Governance: Domestic order; arm's-length transaction with no related-party or promoter-group interest. Disclosed under SEBI LODR Regulation 30. Strategic Significance: Sector Focus: Reinforces EMS Limited's growing footprint in the urban water management and sewage treatment infrastructure space. Urban Development: Aligns with the government's ongoing push for urban sanitation and infrastructure rejuvenation in key heritage and high-density cities like Varanasi. Revenue Visibility: Provides a steady, medium-term revenue stream over the next two years, aiding in optimal resource and workforce utilization. Outlook: While the L-1 status indicates a strong likelihood of award, the project will officially commence upon the receipt of the formal Letter of Award (LoA). Successful execution of this turnkey project could position EMS favorably for similar urban utility contracts in Uttar Pradesh and other states.