EMS Gains after Securing Rs 2.73 Bn Project LoA from Jaypee Infra

18 Feb 2025 CW Team

EMS shares increased by 1.51 per cent, reaching Rs 659.30 after the company announced receiving a letter of award (LoA) for a project valued at Rs 2.72 billion from Jaypee Infratech.

This project involves executing civil (structure and finishing) and mechanical, electrical, and plumbing (MEP) works for the "ORCHARDS" multi-storeyed group housing development. It will cover towers 'OCA-1 to 3' and 'OCB-1 to 5' located at Jaypee Wish Town in Noida, Uttar Pradesh. The project is expected to be completed within 24 months.

EMS is a prominent engineering, procurement, and construction (EPC) contractor specializing in water supply and sewerage infrastructure projects. Additionally, the company handles EPC works across various sectors such as power transmission, civil construction, electrical transmission and distribution, and building construction.

In its latest financial performance for Q2 FY25, EMS reported a 9.7 per cent rise in consolidated net profit, which reached Rs 490.65 million. This growth was supported by a 10.9 per cent increase in revenue from operations, which amounted to Rs 2.33 billion, compared to Q2 FY24.

News source: Business Standard

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..