VA Tech Wabag soars on winning order in Zambia for Waste Water Treatment Plants
VA Tech Wabag is currently trading at Rs. 1644.95, up by 60.75 points or 3.83% from its previous closing of Rs. 1584.20 on the BSE.
The scrip opened at Rs. 1649.85 and has touched a high and low of Rs. 1664.00 and Rs. 1626.05 respectively. So far 5878 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. 595.90 on 25-Jan-2024.
Last one week high and low of the scrip stood at Rs. 1690.00 and Rs. 1555.00 respectively. The current market cap of the company is Rs. 9852.21 crore.
The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 18.27% and 62.60% respectively.
VA Tech Wabag (WABAG) continues to expand its presence and strengthen its leadership position in the African Continent with Design, Build & Operate (DBO) order worth around Euro 78 Million from Lusaka Water Supply and Sanitation Company (LWSC), multi-laterally funded by the European Investment Bank (EIB) and the Kreditanstalt fur Wiederaufbau (KfW) of Germany. This strategic win marks WABAG’s entry into Zambia, further strengthening its presence in Africa and reinforcing its role as a comprehensive water solutions provider in the continent.
Under this DBO contract, WABAG will execute the Engineering, Procurement, and Construction (EPC) of two advanced Wastewater Treatment Plants (WWTPs) a 54 MLD WWTP and a 19 MLD WWTP located in Ngwerere and Chunga, Zambia. The EPC phase will span 36 months, followed by 24 months of Operation & Maintenance (O&M) to ensure sustainable performance and efficiency. Majority of the energy needs of the WWTPs will be sustainably met through green energy sources, utilizing a combination of biogas and solar power.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.