EMS Stock Soars 5% On Rs 141 Cr Order
The order value is approximately Rs 141 crore wherein EMS is having 95 per cent share with the other joint venture partner
The stock of EMS soared above 5 per cent in the Monday trading session after the firm received a letter of award (LoA) from the office of the Uttarakhand Power Corporation.
EMS stock traded at Rs 684 with 4.76 per cent gain in the morning session on the National Stock Exchange (NSE).
“We are pleased to inform you that EMS has received an LoA 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 from Uttarakhand Power Corporation,” stated EMS in a regulatory filing.
The order value is approximately Rs 141 crore wherein EMS is having 95 per cent share with the other joint venture partner.
Order included supply of plant contracts include design, engineering, manufacture, testing, transportation, Insurance, Installation.
The order also included other services along with supply of installation services contracts for the execution of development of distribution infrastructure.
In terms of stock performance, EMS stock has delivered a massive return of more than 60 per cent in the year 2024 so far.
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