EMS secures L1 status for Rs 183.81 crore UP Jal Nigam sewerage project
By Aditya Bhagchandani Published on June 17, 2025, 17:41 IST
EMS Limited shares will be in focus after the company informed exchanges that it has been declared the lowest bidder (L1) by UP Jal Nigam (Urban) for a significant sewerage and sewage treatment project in Fatehpur, Uttar Pradesh. The estimated order value is approximately Rs 183.81 crore, excluding GST.
According to the company's regulatory filing dated June 17, 2025, the work involves the construction of various components for the Fatehpur Sewerage and Sewage Treatment Scheme – Zone-1. The execution timeline for the project is 24 months. The contract has been awarded by a domestic entity, and there are no related party transactions involved.
EMS clarified that there is no promoter or group company interest in the awarding authority, UP Jal Nigam (Urban). The development is seen as a major addition to the company's project portfolio and comes amid continued infrastructure push in Uttar Pradesh.
As of the last close, EMS Limited shares traded at ₹[Insert LTP here] on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
13 hours ago
- Business Upturn
Patanjali Foods receives FSSAI prohibition order on Ruchi No 1 Vanaspati batch
By Aditya Bhagchandani Published on June 21, 2025, 17:36 IST Patanjali Foods Ltd. has disclosed a regulatory development involving one of its products, Ruchi No 1 Vanaspati. The company received an official email communication on June 20, 2025, from the Assistant Director of the FSSAI's Central Licensing Authority in Kolkata. The notice prohibits the sale of a specific batch—HAE03702A—of Ruchi No 1 Vanaspati, citing non-conformity with a prescribed norm under Section 3(1)(zz)(xii) of the Food Safety & Standards Act, 2006. The company clarified that the issue pertains only to this batch and emphasized that the total financial implication is limited to approximately Rs 2.27 lakh. Patanjali Foods stated that there will be no material impact on the company's financial or operational performance due to this order. As a response, the company is pursuing appropriate legal action and has initiated an appeal against the order. No penalties, other than the prohibition of sale for the identified batch, have been imposed so far. This update was shared with the stock exchanges under Regulation 30 of SEBI Listing Regulations. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
19 hours ago
- Business Upturn
Campus Fund Launches Third Fund of $100 Million
Bengaluru, Karnataka, India: Campus Fund , India's pioneering and only SEBI-registered AIF Category II venture capital fund dedicated exclusively to student – and college dropout-led startups, has announced the launch of its third and largest fund, a $100 million corpus. With more than 50% of the fund already committed, the fund has completed its first close and has already made two early investments. Founded by serial entrepreneur Richa Bajpai, Campus Fund reimagines venture capital by backing first-time founders while they are still in university, have dropped out of college, or are within three years of graduation. After co-founding Goodera (backed by Nexus, Omidyar, Elevation, and Binny Bansal), Richa developed the Campus Fund thesis while studying at London Business School in 2020. What began as a humble experiment has now evolved into a $100 million institutional platform powering India's next generation of builders. 'Campus Fund is not just a VC firm — it's a movement to unlock the genius scattered across campuses,' said Richa. 'With Fund III, we double down on our conviction that student founders aren't just dreamers — they're doers, redefining the future from dorm rooms, garages, and labs.' Richa began her own entrepreneurial journey in 2009, during her final year of engineering. 'This is a full-circle moment for me,' she added. 'I started in a dorm room with nothing but an idea and ambition. To now back students chasing bold ideas — that's the most meaningful chapter of my career.' Today's student founders aren't limited to elite institutions. They're emerging from Tier 2 and Tier 3 colleges, small towns, and unconventional backgrounds. Many are college dropouts who've chosen to build. As knowledge becomes more accessible, Fund III aims to democratize access to capital. 'The next unicorn may not come from Silicon Valley or Bengaluru — it might come from a hostel room in Bhopal or a garage in Surat,' Richa added. Campus Fund operates with a network of 100+ student scouts across universities and evaluates over 7,000 startups annually. Fund III will invest in up to 60 startups over the next four years, writing initial cheques ranging from Rs. 1 crore to Rs. 8 crore, with 50% of the fund earmarked for follow-on investments. Campus Fund has previously backed companies such as Expand My Business (managed marketplace for Digital Services), Digantara (space situational awareness), EtherealX (fully reusable rockets), Sama (online dispute resolution), D-Nome (decentralized genomics infrastructure), Sarla (flying taxis), GreenGrahi (insect protein), among many others. Several of these startups have gone on to raise follow-on capital from marquee global investors, including Peak XV Partners, Accel, a16z, AlphaWave, and DST Global. Fund III is supported by a diverse mix of family offices, successful entrepreneurs, industrialists, and financial institutions — including 360 One — with many Limited Partners re-upping after Fund II. Notable backers include Kanwaljit Singh, Founder of Fireside Ventures; Bharat Shah, Co-founder of HDFC Bank; Jaimin Bhatt, former Group CFO of Kotak Mahindra Bank; Asha Jadeja Motwani, first investor in Google; and Sameen Farooqui, Global Head of FX at Deutsche Bank. With this momentum, Campus Fund cements its position as India's most active early-stage backer of youth-led innovation — and a bold blueprint for venture capital in emerging markets. Backing student and dropout founders is no longer just a visionary bet — it's one of the smartest investments of this decade. The returns are not just financial, but generational.
Entrepreneur
20 hours ago
- Entrepreneur
ENRISSION INDIA CAPITAL Backs Pico Xpress to Accelerate Quick Commerce Growth
The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a significant boost to India's fast-growing quick commerce sector, ENRISSION INDIA CAPITAL has invested in Pico Xpress in a Pre-Series A funding round. The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India. Founded in 2023 by Aniruddha Gangopadhyay and Kamal Syal, Pico Xpress is a Bengaluru-based logistics startup redefining how essential goods reach consumers. The company specialises in last-mile delivery, time-bound quick commerce logistics (within 30, 60, and 120 minutes), and omni-channel fulfillment through dark stores. With a presence in over eight cities, Pico Xpress is building the backbone for India's convenience-driven commerce future. Aniruddha Gangopadhyay, Co-founder of Pico Xpress, said, "ENRISSION INDIA CAPITAL's investment fuels our mission to build India's leading quick commerce logistics backbone. This capital infusion allows us to rapidly enhance our technological capabilities and expand our operational footprint." Co-founder Kamal Syal added, "Our goal is to create a seamless and highly efficient quick commerce delivery experience. With ENRISSION's support, we are poised to innovate and set new standards in logistics speed and reliability." Harsh Deodhar, Principal at ENRISSION INDIA CAPITAL, stated, "Pico Xpress is at the forefront of India's quick commerce revolution. We are excited to support their vision of delivering essentials with unmatched speed and reliability, and shaping the future of convenience retail." As India's demand for faster deliveries surges, Pico Xpress is uniquely positioned to capitalise on the shift, offering businesses and consumers a dependable and scalable logistics partner for the digital age.
