VA Tech Wabag moves up on securing order worth Rs 85 crore
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VA Tech Wabag is currently trading at Rs. 973.55, up by 5.90 points or 0.61% from its previous closing of Rs. 967.65 on the BSE.
The scrip opened at Rs. 979.00 and has touched a high and low of Rs. 984.45 and Rs. 972.30 respectively. So far 4432 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1030.00 on 25-Apr-2024 and a 52 week low of Rs. 436.35 on 12-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1011.05 and Rs. 914.80 respectively. The current market cap of the company is Rs. 6017.86 crore.
The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 18.08% and 62.80% respectively.
VA Tech Wabag has secured an order worth around Rs 85 crore from Nama Water Services in the Sultanate of Oman towards Operation & Maintenance (O&M) of the Al Duqm Desalination Plant for a period of 5 years. Wabag constructed this 8 MLD Desalination Plant over 10 years back and was responsible for the O&M of the Plant until 2018.
This long-term O&M order which has been won against international competition entails O&M of the Plant, the sea water intake and outfall systems. The water produced from this Plant will be used for domestic consumption in Duqm & Haima areas of Al Wusta Governorate.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
