VA Tech WABAG zooms on securing Rs 467 crore order for desalination from MRPL

23 Jan 2019 Evaluate

VA Tech Wabag is currently trading at Rs. 302.50, up by 12.45 points or 4.29% from its previous closing of Rs. 290.05 on the BSE.

The scrip opened at Rs. 296.05 and has touched a high and low of Rs. 304.95 and Rs. 296.05 respectively. So far 35917 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 642.75 on 23-Jan-2018 and a 52 week low of Rs. 243.45 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 312.15 and Rs. 284.05 respectively. The current market cap of the company is Rs. 1586.03 crore.

The promoters holding in the company stood at 24.68%, while Institutions and Non-Institutions held 29.62% and 45.70% respectively.

VA Tech Wabag has secured Rs 467 crore worth order from Mangalore Refinery and Petrochemicals (MRPL) towards engineering and construction of a 30 MLD Sea Water Desalination plant expandable upto 70 MLD in Mangaluru in the state of Karnataka.

The scope of design and build contract includes engineering, supply, erection, construction and commissioning of a 30 MLD Sea Water Desalination plant over a period of 22 months. The company will build the plant using state of the art technologies, including sea water reverse osmosis, brackish water reverse osmosis and ultra-filtration systems.

The project also includes cross-country piping of 11 kilometers to deliver the water to MRPL's refinery. The plant aims to minimize the fresh water dependency of MRPL once completed. Post successful commissioning, the company will also be awarded a contract towards Operation & Maintenance of the plant for a period of 10 years.

VA Tech Wabag is an India-based company engaged in the business of water treatment field. The company's principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants.

VA Tech Wabag Share Price

758.00 -0.35 (-0.05%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 758.00
Race Eco Chain 330.25
Antony Waste Hand 458.55
RESGEN 72.36
Eco Recycling 512.55
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