EMS zooms 17% on bagging ₹103 cr sewer network order from UP Jal Nigam

EMS received the lowest bidder (L-1) status from UP Jal Nigam (Urban), Varanasi, for the construction of sewer networks and house connections in four wards of Nagar Nigam, Varanasi

EMS shares zoomed 16.9 per cent on BSE, logging an intra-day high of ₹340.35 per share. The buying on the counter came after the company received the lowest bidder (L-1) status from UP Jal Nigam (Urban), Varanasi, for the construction of sewer networks and house connections in four wards of Nagar Nigam, Varanasi — Shivpurwa, Tulsipur, Birdopur, and Kajipura — part of 18 problematic wards identified for sewerage infrastructure development.  

However, at 10:05 AM, EMS’ share price pared some gains but was up 13.66 per cent at ₹330.8 per share. In comparison, the BSE Sensex was down 0.88 per cent at 73,590.15.