VA Tech Wabag surges on completing Financial Closure of NMCG Project in Kolkata

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

18 Feb 2021 Evaluate

VA Tech Wabag is currently trading at Rs. 248.15, up by 3.50 points or 1.43% from its previous closing of Rs. 244.65 on the BSE.

The scrip opened at Rs. 249.75 and has touched a high and low of Rs. 255.00 and Rs. 247.75 respectively. So far 13402 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 255.00 on 18-Feb-2021 and a 52 week low of Rs. 73.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 255.00 and Rs. 214.25 respectively. The current market cap of the company is Rs. 1521.49 crore.

The promoters holding in the company stood at 21.70%, while Institutions and Non-Institutions held 18.23% and 60.06% respectively.

VA Tech Wabag has completed the Financial Closure for its Hybrid Annuity Model (HAM) project received from Kolkata Metropolitan Development Authority (KMDA). The company had earlier signed a Rs 575 Crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG) which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and up-gradation of existing sewage treatment plants, rehabilitation of pumping stations and other associated infrastructure in Kolkata.

The company will execute Engineering, Procurement and Construction (EPO) portion of this project over 24 months followed by O&M of 15 years. Once complete, the project with a cumulative wastewater treatment capacity of 187 MLD will contribute to reducing the discharge of untreated sewage into the Holy Ganga from the state of West Bengal by around 15 percent. The EPC portion of the project is to be funded by a mix of NMCG Grant, Equity and Debt. 40 percent of EPC cost will be funded by NMCG grant during the construction period and balance 60 percent to be funded by a mix of debt and equity.

VA Tech Wabag is an India-based company engaged in the business of water treatment field.

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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