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

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