EMS Limited (EMSLIMITED) has announced it has received a Letter of Acceptance (LOA) from the office of The Kolkata Municipal Corporation. This LOA signifies the formal award of a new contract to the company.
The announcement, made outside market hours, indicates a significant development for EMS Limited, as securing contracts from municipal bodies like The Kolkata Municipal Corporation can contribute to the company’s order book and revenue pipeline. While specific details regarding the scope or value of the contract were not disclosed in the announcement, the receipt of an LOA is a crucial step in the project lifecycle.
In its last trading session, shares of EMS Limited closed at ₹630, marking a 3.1% increase prior to this corporate disclosure.
source: Corporate Announcement