Page 18 - CV Aug-Sep 2023 Issue

EMS SAYS IT HAS ORDER BOOK OF RS 1,500 CRORE; TO FOCUS
ON MORE GOVERNMENT CONTRACTS

ewage solution provide EMS funded through local state government Uttarakhand," Tomar said. As per the
Limited on Wednesday said it bodies. The National Mission for Clean draft papers filed with Sebi in March this
Scurrently has an order book of Ganga, the Jal Jeevan Mission, and year, the company may consider a pre-
nearly Rs 1,500 crore and will focus on Community Drinking Water Scheme are IPO placement of up to Rs 60 crore and if
securing more government contracts that just a few of the initiatives that the such a placement takes place, the
have support from global funding government is expected to further number of equity shares will be reduced
agencies like World Bank. In March, EMS support, the company said and added from the issue. Proceeds from the fresh
had filled draft papers with Sebi to raise this will result in a larger order pipeline issue will be utilised towards funding
funds through an initial public offering. for local and national businesses working capital requirements and other
The IPO includes a fresh issue of equity operating in these specialised sectors. general corporate purposes, it said.
shares worth Rs 180 crore and an offer
for sale of 82.94 lakh shares by promoter "We have completed more than 50 Upon completion of the IPO, the share
Ramveer Singh. projects in the past, and currently we are will be listed on the BSE and NSE, EMS
executing 13 ongoing projects said. The company is in the business of
The company will use the proceeds from aggregating into an order book of Rs providing sewerage solutions, water
the issue to meet working capital 1,389.09 crore...Apart from this, we are supply systems, water and waste
requirements.Ashish Tomar, Managing also executing 5 O&M projects worth Rs treatment plants, and water supply
Director of EMS Ltd, said almost all of the 99.28 crore in Rajasthan, Uttar Pradesh, scheme projects for government
company's projects are World Bank- Himachal Pradesh, Bihar, Mumbai, and authorities, among others.

CONSTRUCTION VISION 16 AUGUST - SEPTEMBER 2023