VA Tech Wabag surges on receiving LoA worth $272 million from Saudi Water Authority
VA Tech Wabag is currently trading at Rs. 1620.80, up by 28.45 points or 1.79% from its previous closing of Rs. 1592.35 on the BSE.
The scrip opened at Rs. 1635.50 and has touched a high and low of Rs. 1670.50 and Rs. 1620.80 1616.00 respectively. So far 25359 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. 1109.35 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 1670.50 and Rs. 1461.95 respectively. The current market cap of the company is Rs. 10316.60 crore.
The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 21.61% and 59.27% respectively.
VA Tech Wabag (WABAG) has been awarded a 300 million litres per day (MLD) Sea Water Reverse Osmosis (SWRO) Mega Desalination Plant at Yanbu, in the Kingdom of Saudi Arabia valued at around $272 million (SAR 1,019 million / Rs 2,332 crore) by the Saudi Water Authority (SWA).
This project encompasses the scope of design, engineering, supply, construction, and commissioning of a 300 MLD Mega Desalination Plant, to be developed on a greenfield site located along the west coast of the Kingdom of Saudi Arabia. In this regards, the company has received the Letter of Award, and the contracting formalities will commence now.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
