VA Tech Wabag soars on securing repeat order worth about Rs 415 crore
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VA Tech Wabag is currently trading at Rs. 1287.60, up by 27.85 points or 2.21% from its previous closing of Rs. 1259.75 on the BSE.
The scrip opened at Rs. 1260.00 and has touched a high and low of Rs. 1313.60 and Rs. 1253.10 respectively. So far 15995 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1405.00 on 26-Jul-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. 1327.50 and Rs. 1208.00 respectively. The current market cap of the company is Rs. 8051.48 crore.
The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 16.51% and 64.36% respectively.
VA Tech Wabag has secured a repeat order worth about Rs 415 crores from the Chennai Metropolitan Water Supply and Sewage Board (CMWSSB) towards Operation & Maintenance of 110 MLD SWRO Desalination Plant at Nemmeli in Chennai for a period of 7 years.
Wabag’s initial Operation & Maintenance contract was completed in 2021, after which the contract was extended by the customer and Wabag continued to Operate & Maintain the Plant. CMWSSB floated a public tender for the Operation & Maintenance of the Plant, and Wabag secured this repeat order for Operating & Maintaining the Plant for another seven years.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
