Shares of EMS Ltd were trading in the green and 4% higher on 22 July after the company’s Joint Venture (JV) announced securing a new order worth Rs 535 crore. 

In its regulatory filing, the company said, “The company has received a letter of acceptance for Development of Water Supply and Sewerage System with 18 years O&M in Vikas Nagar Dehradun, Uttarakhand.”

The order is for a total consideration of Rs 535.19 crore, and in this joint venture entity, the company holds a commanding stake of 95%, while the remaining 5% is held by another JV partner. 

Earlier in July, the company secured an order from Uttrakhand Power Corporation for Development of Distribution Infrastructure-loss reduction works at EDC Dehradun rural Circle of Uttarakhand under Revamped Reforms-based and Results-linked, Distribution Sector Scheme. 

On 13 July, the company’s JV secured an order for Survey, Investigation, Design, build, Operate and Transfer of Interception & Diversion and Treatment Works, including 15 15-year O&M period at Hathras Town, UP, under Namami Gange Programme on DBOT mode. The total value of the order is Rs 119.05 crore, and the company holds a 26% stake in this JV agreement, while the remaining stake is held by the other two JV partners. 

At 1:36 pm, the shares of EMS were trading 1.73% higher at Rs 682.60 on NSE. 

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