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VA Tech Wabag surges on securing contract worth Rs 1,477 crore in Uttar Pradesh

19 Jun 2019

VA Tech Wabag is currently trading at Rs. 309.15, up by 4.50 points or 1.48% from its previous closing of Rs. 304.65 on the BSE.

The scrip opened at Rs. 309.05 and has touched a high and low of Rs. 313.00 and Rs. 306.00 respectively. So far 2120 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 418.95 on 25-Jun-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. 325.00 and Rs. 290.00 respectively. The current market cap of the company is Rs. 1685.83 crore.

The promoters holding in the company stood at 24.68%, while Institutions and Non-Institutions held 32.44% and 42.88% respectively.

VA Tech Wabag has secured an order worth Rs 1,477 crore from State Mission for Clean Ganga - Uttar Pradesh. The order is for operation, maintenance and management of the Sewage treatment and network infrastructure in the cities of Agra and Ghaziabad for a period of 10 years, expandable for an additional period of 5 years.

The company will manage, operate and maintain 22 Sewage Treatment Plants, 22 Pumping Stations and underground network of over 3,000 kilometers with the objective of providing round the clock uninterrupted operations. The company shall also improve, rehabilitate and up-grade facilities related to systems, structures and equipment etc. associated with the Sewage Treatment Plants and underground collection systems.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323