VA Tech Wabag zooms on securing order about Rs 430 crore from Reliance Industries
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VA Tech Wabag is currently trading at Rs. 238.00, up by 8.20 points or 3.57% from its previous closing of Rs. 229.80 on the BSE.
The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 239.55 and Rs. 230.00 respectively. So far 29380 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 404.25 on 03-Aug-2021 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. 243.75 and Rs. 227.30 respectively. The current market cap of the company is Rs. 1482.31 crore.
The promoters holding in the company stood at 21.70%, while Institutions and Non-Institutions held 19.79% and 58.51% respectively.
VA Tech Wabag has secured an order towards Engineering, Procurement and Construction (EPC) of a 53 MLD Desalination Plant at Jamnagar, Gujarat worth about Rs 430 crore from Reliance Industries (RIL).
The EPC scope of work under this RIL order includes Design, Engineering, Procurement, Supply, Construction, EreCtion, Pre-commissioning, Commissioning and Performance Guarantee Test Run of the Sea Water Reverse Osmosis (SWRO) plant, slated to be built in the premises of RIL's world-class refinery at Jamnagar, Gujarat. It is worth noting that WABAG has already executed a 24 MLD SWRO plant in the same premises.
This plant which is scheduled to be completed over a 21-month period, will employ state of the art pre-treatment in the form of Lamella clarification, Filtration & Ultrafiltration followed by Reverse Osmosis technologies to convert 'seawater into process water.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
