VA Tech Wabag shares up 5% on highest order intake in FY16

Shares of water treatment player VA Tech Wabag rose by nearly 5 per cent today as the company has bagged Rs 5,000 crore worth of orders in the current financial year ending March 31, making it as the highest ever order intake by the group in a financial year.
The stock went up by 4.85 per cent to settle at Rs 533.20 on BSE. Intra-day, it climbed 7.36 per cent to Rs 546.
At NSE, shares of the company rose by 4.6 per cent to close at Rs 532.45.
Some of the major awards the company secured include the EXIM Bank funded Polgahawela Water Treatment plant order valued at USD 108 million with Water Board of Sri Lanka.

In September 2015, the company secured Rs 1,500 crore Effluent Treatment plant from PETRONAS, Malaysia, the company said in a statement.
"I am happy that in a tough macro business environment, WABAG has won some quality orders and has recorded the highest ever order intake for the group", VA TECH Wabag, MD and Group CEO, Rajiv Mittal said.