EMS Ltd Surges 10% on Rs 218 Crore Rajasthan Sewage Project Win as Order Book Expands
EMS Ltd, an EPC specialist in water and wastewater management, surged 10.2% to Rs 409.95 after being awarded an L-1 bid for a Rs 218.65 crore Rajasthan sewage project from the state’s Directorate of Local Bodies.
Key points
- EMS Ltd surged 10% on Rs 218 crore Rajasthan sewage project L-1 award
- Water sector EPC company benefits from government infrastructure spending acceleration
- Order win at ~10% of market cap adds meaningful earnings visibility for next 12-18 months
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