Order win for setting up Rs 1,000-crore plant powers VA Tech Wabag

VA Tech Wabag Ltd. | Environmental Services | Miscellaneous | BSE: 533269 | NSE: WABAG

19 Apr 2012 Evaluate

VA Tech Wabag is currently trading at Rs. 430.00, up by 7.80 points or 1.85% from its previous closing of Rs. 422.20 on the BSE.

The scrip opened at Rs. 430.10 and has touched a high and low of Rs. 444.00 and Rs. 430.00 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 538.00 on 25-Jul-2011 and a 52 week low of Rs. 270.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 444.00 and Rs. 413.00 respectively. The current market cap of the company is Rs. 1141.57 crore.

The promoters holding in the company stood at 30.95% while Institutions and Non-Institutions held 47.11% and 21.94% respectively.

VA Tech Wabag, the Chennai-based multinational player in water and waste water management, bagged the contract of setting up Rs 1,000-crore plant for the Chennai Metropolitan Water Supply and Sewerage Board, the public sector water utility. It has to operate and maintain the plant for seven years after contract completion, which represents revenue of about Rs 70 crore a year.

This plant will produce fresh water from sea water. On April 16 it has achieved an important milestone when a km-long, 1.6-metre pipeline was launched into the sea to take in over 300 million liters of sea water a day.

It is the largest desalination plant in India and the largest contract for the company. VA Tech Wabag is teaming up with IDE Technologies of Israel to set up the project funded by the Government of India. The facility is coming up about 50 km south Chennai on the East Coast Road. This is the second desalination plant to supply water to the city with the first in operation at Minjur to the North of Chennai as a private sector project on design-build-own-operate-transfer basis by IVRCL, Hyderabad.

VA Tech Wabag Share Price

1477.75 -21.95 (-1.46%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
VA Tech Wabag	1477.75
ION Exchage	419.05
Race Eco Chain	127.40
RESGEN	61.50
GEM Enviro	48.02
View more..

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