VA Tech Wabag shines on securing consortium DBO repeat order from SONEDE
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VA Tech Wabag is currently trading at Rs. 507.00, up by 28.80points or 6.02% from its previous closing of Rs. 478.20 on the BSE.
The scrip opened at Rs. 491.50 and has touched a high andlow of Rs. 508.70 and Rs. 491.50 respectively. So far 10880 shares were tradedon the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52week high of Rs. 544.80 on 01-Aug-2023 and a 52 week low of Rs. 262.75 on04-Nov-2022.
Last one week high and low of the scrip stood at Rs. 508.70 andRs. 459.35 respectively. The current market cap of the company is Rs. 2973.95crore.
The promoters holding in the company stood at 19.13%, whileInstitutions and Non-Institutions held 19.17% and 61.71% respectively.
VA Tech Wabag has strengthened market leadership in Tunisiaby securing a consortium Design, Build, Operate (DBO) repeat order towards 345MLD Bejaoua Drinking Water Treatment Plant, worth about 215 million TunisianDinars (around EUR 63 Million), from Societe Nationale D'exploitation Et DeDistribution Des Eaux (SONEDE).
The company’s excellent track-record with SONEDE for morethan 2 decades combined with a technically superior and competitive bid ensuredthis repeat order win, consolidating WABAG's market position in the NorthAfrican region. The project funded by French Development Agency (AFD) andEuropean Investment Bank (BEI) will be executed over a period of 30 monthsfollowed by Operation & Maintenance of the plant for a period of 12 months.
The scope of WABAG under this order will be Engineering& Procurement (EP) and Operation & Maintenance (O&M), which isworth about half of the consortium order value, includes Design, Engineeringand Supply of Electromechanical equipment including modern and compact LamellaClarifiers, Installation and Commissioning of the plant followed by a One YearO&M period.
VA Tech Wabag is an India-based company engaged in thebusiness of water treatment field.
