VA Tech Wabag soars as its consortium bags ETP order worth Rs 1,500 crore from Petronas

03 Sep 2015 Evaluate

VA Tech Wabag is currently trading at Rs. 721.00, up by 37.30 points or 5.46% from its previous closing of Rs. 683.70 on the BSE.

The scrip opened at Rs. 718.00 and has touched a high and low of Rs. 735.35 and Rs. 714.05 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.00 on 17-Mar-2015 and a 52 week low of Rs. 617.20 on 28-Apr-2015.

Last one week high and low of the scrip stood at Rs. 735.35 and Rs. 668.05 respectively. The current market cap of the company is Rs. 3,900.00 crore.

The promoters holding in the company stood at 28.99% while Institutions and Non-Institutions held 50.09% and 20.92% respectively.

VA Tech Wabag and its consortium Muhibbah Engineering (M) Bhd, has bagged an order from Malaysia’s national oil and gas company, Petroliam Nasional Berhad (Petronas), for the Design Competition for Re-FEED and Engineering, Procurement, Construction and Commissioning of the Effluent Treatment Plant (ETP) for PETRONAS’ Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, Malaysia. The contract was awarded by PRPC Utilities and Facilities Sdn. Bhd., a subsidiary under the Petronas Group of companies.

The project will-be executed in partnership with Muhibbah Engineering which has vast experiences in construction and infrastructure projects. The contract value of the ETP is about Rs 1,500 crore. The ETP will form part of the RAPID complex at Pengerang, Johor, in southern Malaysia.

VA tech wabag is a leader in the Indian water technology market and currently holds a market share of around 14 percent. The company has consolidated its’ specialist reputation through a number of innovative and path-breaking projects in the fields of water treatment and wastewater recycling.


VA Tech Wabag Share Price

1119.70 -10.15 (-0.90%)
14-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 1119.70
Race Eco Chain 412.50
Antony Waste Hand 455.65
RESGEN 80.24
Eco Recycling 580.00
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