VA Tech Wabag rises on securing orders worth Rs 340 crore from GAIL
VA Tech Wabag is currently trading at Rs. 1329.35, up by 6.00 points or 0.45% from its previous closing of Rs. 1323.35 on the BSE.
The scrip opened at Rs. 1355.35 and has touched a high and low of Rs. 1355.35 and Rs. 1325.00 respectively. So far 7614 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1943.95 on 09-Dec-2024 and a 52 week low of Rs. 650.05 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1437.10 and Rs. 1318.00 respectively. The current market cap of the company is Rs. 8288.43 crore.
The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 20.88% and 59.99% respectively.
VA Tech Wabag has secured order worth around Rs 340 crore towards Design, Build, Operate (DBO) of a 450 cum/hr UF & RO based effluent recycle plant, evaporator based Zero Liquid Discharge (ZLD) plant and new waste water treatment plant & augmentation of existing waste water treatment plant, for GAIL's (India) integrated petrochemical complex at Pata, Uttar Pradesh.
The Engineering, Procurement, Construction (EPC) scope of work under this order is scheduled to be completed over 24 months period and will be followed by 6 months of Operation and Maintenance (O&M). Projects and Development India (PDIL) has been appointed by GAIL as the Engineer-In-Charge for this Project. The recovered water from this facility will be used as cooling tower make up water.
The company also secured a repeat Operations & Maintenance (O&M) order from Indian Oil Corporation (IOCL) worth around Rs 20 crore towards O&M of the Tertiary Treatment Reverse Osmosis (TTRO) Plant at IOCL Panipat Refinery, Haryana for a further period of 3 years. The company has been entrusted with the O&M of this Plant since its commissioning in 2006.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
