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06-07-2023 09:52 AM | Source: Accord Fintech
VA Tech Wabag soars on securing order worth about Rs 420 crore
News By Tags | #483 #572 #1241

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VA Tech Wabag is currently trading at Rs. 492.70, up by 13.05 points or 2.72% from its previous closing of Rs. 479.65 on the BSE.

The scrip opened at Rs. 486.05 and has touched a high and low of Rs. 495.90 and Rs. 486.05 respectively. So far 6131 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 495.90 on 07-Jun-2023 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. 495.90 and Rs. 455.00 respectively. The current market cap of the company is Rs. 2982.96 crore.

The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 19.82% and 61.06% respectively.

VA Tech Wabag has secured an order worth about Rs 420 crore towards Design, Build and Operation (DBO) of a Water Treatment Plant (WTP) with a capacity of 270 Million Litres per Day (MLD) at Jite, Raigad for City and Industrial Development Corporation of Maharashtra (CIDCO).

This project has been planned in order to cater to the future water demand for Navi Mumbai. Water from Hetwane dam will be treated at the proposed 270 MLD WTP and pumped to existing Master Balancing Reservoir (MBR) at Vihal location for further distribution. The scope of the project includes Design, Engineering, Supply, Construction, Installation and Commissioning of the 270 MLD WTP including clear water pumping station within a period of 42 months from commencement and followed by Operation & Maintenance (O&M) for a period of 15 years. The plant will use High Rate Clarifiers for the removal of high-suspended solids followed by Rapid Gravity Sand Filters along with disinfection by chlorine.

VA Tech Wabag is an India-based company engaged in the business of water treatment field.