VA Tech Wabag rises on entering into MoU with Al Jomaih Energy and Water

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

18 Sep 2023 Evaluate

VA Tech Wabag is currently trading at Rs. 468.60, up by 4.80 points or 1.03% from its previous closing of Rs. 463.80 on the BSE.

The scrip opened at Rs. 466.05 and has touched a high and low of Rs. 470.50 and Rs. 466.05 respectively. So far 54 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 544.80 on 01-Aug-2023 and a 52 week low of Rs. 250.05 on 04-Oct-2022.

Last one week high and low of the scrip stood at Rs. 489.60 and Rs. 454.00 respectively. The current market cap of the company is Rs. 2884.39 crore.

The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 20.22% and 60.65% respectively.

VA Tech Wabag has entered into a Memorandum of Understanding (MoU) with Al Jomaih Energy and Water (AEW), a leading developer of energy and water projects in the Middle East. This MoU was signed during the India-Saudi Investment Forum held on the September 10, 2023 and September 11,2023, on the occasion of the G20 Summit, aiming to explore collaborative opportunities in water project development across Saudi Arabia and the broader Middle East region.

Under this strategic partnership, both WABAG and AEW will cooperate on various aspects, including Engineering, Procurement, and Construction (EPC), project development, and feasibility assessments for potential water projects. This collaboration will leverage the combined expertise of both organizations to tackle the pressing water challenges in the region. AEW will provide critical support related to local market intelligence, business development, and engagement with potential customers, offtakers, regulators, ministries, lenders, and suppliers in the region. WABAG will contribute technical and commercial expertise required for feasibility assessment and project development.

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

VA Tech Wabag Share Price

1498.80 17.50 (1.18%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
VA Tech Wabag	1498.80
ION Exchage	416.55
Race Eco Chain	127.05
RESGEN	62.84
GEM Enviro	44.00
View more..

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