VA Tech Wabag surges on bagging STP order worth Rs 175 crore in Philippines

26 Dec 2014

VA Tech WABAG is currently trading at Rs. 1560.90, up by 45.10 points or 2.98% from its previous closing of Rs. 1515.80 on the BSE.

The scrip opened at Rs. 1570.05 and has touched a high and low of Rs. 1590.30 and Rs. 1555.00 respectively. So far 2,031 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1748.00 on 30-Sep-2014 and a 52 week low of Rs. 504.00 on 29-Jan-2014.

Last one week high and low of the scrip stood at Rs. 1590.30 and Rs. 1495.00 respectively. The current market cap of the company is Rs. 4,215.00 crore.

The promoters holding in the company stood at 29.43% while Institutions and Non-Institutions held 49.93% and 20.64% respectively.

VA Tech WABAG, a leading Indian MNC in Water and Waste Water Treatment, has won yet another Sewage Treatment Plant (STP) order in Valenzueia, Philippines. The contract value of the order is about Rs 175 crore and the project is funded by World Bank.

WABAG will Design & Build the 60 MLD Valenzuela Sewage Treatment Plant for Maynilad Water Services Inc. using the Activated Sludge Process. The contract also includes Operation and Maintenance of the plant as part of performance proving period of one year.

WABAG is already executing the largest Sewage Treatment Plant in Philippines at Illugin (100 MLD), and with this new STP order in Valenzueia, WABAG Philippines has an impressive order backlog of about Rs 450 crore in just three years of its operation in Philippines.

VA Tech Wabag is a multinational player in the water treatment industry. It offers complete life cycle solutions including conceptualization, design, engineering, procurement, supply, installation, construction and O&M services.

Related VA Tech Wabag Ltd. Links:

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