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 Transport

05 Dec 2025

Assam CM Opens Rs 830-Mn Jamunamukh Overbridge

Himanta Biswa Sarma, Chief Minister, Assam, inaugurated the newly constructed railway overbridge at Jamunamukh in Hojai district. Built at a cost of around Rs 830 million, the 951-metre structure includes a 7.5-metre-wide motorable carriageway, according to an official release.During the visit, he also virtually inaugurated the Model High School at Balijuri Tea Estate and the Jagannath Community Halls and Skill Centres at Kandali, Dhantola and Sagunbahi Tea Estates. Foundation stones were laid for new buildings at Barhampur Higher Secondary School and Jamunamukh Higher Secondary School, in add..

IRB Infra Clears Rs 5.13 Bn Sale of Gandeva Ena HAM Project

IRB Infrastructure has approved the sale of its Gandeva Ena (VM7) hybrid annuity model project to the IRB InvIT Fund for Rs 5.13 billion. The asset forms part of the upcoming Delhi–Mumbai Greenfield Expressway and will be transferred along with its associated project debt, the company said.Under the proposed transaction, IRB Infrastructure will receive Rs 5.13 billion as full equity consideration at the time of transfer. The company noted that the move will significantly improve its consolidated net debt-to-equity ratio. It has also agreed to continue as the project manager for the VM7 proje..

RPP Infra Wins Rs 260 Mn Highway Widening Contract

RPP Infra Projects has received a letter of acceptance for a new road development contract from the Office of the Superintending Engineer (Highways), Construction and Maintenance, Tiruvannamalai Circle, in Tamil Nadu. The project involves widening the Hogenakkal–Pennagaram–Dharmapuri–Thirupathur Road (SH-60) from two lanes to four lanes.Valued at Rs 250.99 million including GST, the order has been awarded by a domestic entity and includes a performance security requirement. The company expects to complete the work within 12 months. It clarified that neither the promoters nor promoter gro..