VA Tech Wabag soars as its European arm secures Industrial Waste Water Treatment order in Romania
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VA Tech Wabag is currently trading at Rs. 347.20, up by 12.95 points or 3.87% from its previous closing of Rs. 334.25 on the BSE.
The scrip opened at Rs. 338.85 and has touched a high and low of Rs. 349.40 and Rs. 338.85 respectively. So far 7532 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 351.20 on 29-Nov-2022 and a 52 week low of Rs. 220.00 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 349.40 and Rs. 326.75 respectively. The current market cap of the company is Rs. 2078.72 crore.
The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 17.67% and 63.20% respectively.
VA Tech Wabag has further enhanced its leadership in the Industrial water treatment market in Romania with WABAG Water Services S.R.L., Romania (WABAG Romania), its European subsidiary, securing a repeat order from Purolite S.R.L, Romania (Purolite) worth about Rs 260 crore (EUR 30 million) towards upgrading the Industrial Wastewater Treatment Plant (WWTP) in Romania.
The contract will be an Engineering & Procurement (EP) scope contract which includes design & engineering, equipment supply, installation, commissioning and start-up of the Purolite Victoria WWTP. The project is scheduled to be executed over a 24-month period.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
