VA Tech Wabag gains on bagging order worth Rs 262 crore

18 Jun 2013 Evaluate

VA Tech Wabag is currently trading at Rs. 448.90, up by 8.25 points or 1.87% from its previous closing of Rs. 440.65 on the BSE.

The scrip opened at Rs. 446.50 and has touched a high and low of Rs. 449.50 and Rs. 446.50 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 589.00 on 11-Jan-2013 and a 52 week low of Rs. 423.05 on 13-Jun-2013.

The current market cap of the company is Rs. 1,191.00 crore.

The promoters holding in the company stood at 39.21% while Institutions and Non-Institutions held 13.27% and 47.52% respectively.

VA Tech Wabag, a leading multinational company specialized in water and waste water management, in a joint venture (JV) with Pratibha Industries has won Rs 262 crore order from Melamchi Water Supply Development Board, Nepal. The scope of work comprises construction of Water Treatment Plant at Sundarijal, Nepal which will have an initial capacity of 85 MLD and will be designed to be expanded to 170 MLD, and to 510 MLD at a later stage.

The water treatment plant at Sundarijal is part of the Melamchi Water Supply Project, under the auspices of the Melamchi Water Supply Development Board (MWSDB). The project has been funded by the Japan International Cooperation Agency (JICA).This project will treat water from the Melamchi River and discharge the treated water through pipeline up to battery limits.

VA Tech Wabag is a multinational player in the water treatment industry. It offers complete life cycle solutions including conceptualization, design, engineering, procurement, supply, installation, construction and O&M services.

VA Tech Wabag Share Price

997.95 16.60 (1.69%)
21-May-2024 16:01 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 997.95
Race Eco Chain 354.00
Antony Waste Hand 476.25
RESGEN 78.50
Eco Recycling 487.55
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