VA Tech Wabag

Water treatment player VA Tech WABAG Ltd has bagged an order worth Rs 1,000 crore from Indosol Solar Pvt Ltd to set up a sea water desalination plant, marking its foray into the solar photo-voltaic segment. According to the city-headquartered firm, the scope of the order includes engineering, procurement, design, supply, installation, testing and commissioning of the 100 million litre per day sea water desalination plant at the company's solar photo-voltaic manufacturing facility in neighbouring Andhra Pradesh. The project would be executed over a 38-month period and it would be followed by a 15-year Operation and Maintenance contract, the company said in statement on Tuesday. "This mega order marks WABAG's entry into the Solar PV sector which is a key segment for the future. WABAG's technological expertise, proven track record and competitive pricing enabled us to offer lowest life-cycle cost of water for Indosol Water," said VA Tech Wabag India Cluster, Head-Desalination, Saravana

Shares of VA Tech Wabag reached their all time high at Rs 1,743.85 a piece on the BSE, rising 4.3 per cent in Tuesday's intraday deals

Rekha Jhunjhunwala Portfolio: VA Tech Wabag hit new high of Rs 1,634, gaining 4% on the BSE in Monday's intra-day trade

VA Tech Wabag share price: The large orders from RIL ranges between Rs 300 crore to Rs 500 crore

Domestic brokerage firm Axis Securities, initiated coverage on the water supply and management company with a 'Buy' rating at a target price of Rs 1,700 per share, reflecting an upside of 29.4%

Water treatment player VA Tech WABAG has secured an order from Saudi Water Authority worth USD 317 million (Rs 2,700 crore) for setting up a Mega Sea Water Desalination plant in Saudi Arabia, the company said on Friday. The Engineering, Procurement, Construction and Commissioning (EPCC) contract including design and supply of the 300 million litres per day mega desalination plant which would be developed on a greenfield site in the west coast of Kingdom of Saudi Arabia. The Saudi Water Authority, formally known as the Saline Water Conversion Corporation, is responsible for regulating and monitoring water sector business and services to enhance water sustainability and achieve the objectives of Saudi Arabia's Vision 2030. The project is expected to be completed in 30 months and the plant would operate Dual Media Filters followed by a two-pass Reverse Osmosis process and re-mineralisation to produce clean potable water. The plant would be built with the state-of-the-art desalination

VA Tech Wabag share price scaled water supply and management company announced a large order win worth Rs 2,700 crores

The stock hit a new high after a gap of over nine years, on Monday. It surpassed its previous high of Rs 972.50 on March 17, 2015

As of December 31, 2022, VA Tech Wabag has an order book of over Rs 10,000 crore, that includes framework contracts, with 3 times revenue visibility

The company has won a design, build and operate (DBO) order in Bangladesh worth Rs 800 crore, fully funded by World Bank & AIIB

The company has secured industrial waste water treatment order in Romania worth about Rs 260 crore (30 million euros)

The company has strong revenue visibility with an outstanding order book as on 30 September 2022 of about Rs 9,200 crore (FYE22: RS 9,800 crore), which is around 3x of its annual revenue of FY22.

The company said international and industrial orders are expected to keep the momentum intact, going forward.

: Water treatment player VA Tech WABAG Ltd was confident of keeping the momentum in the fourth quarter and continue to yield profitable growth, a top official said on Friday.

Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction

Shares of VA Tech Wabag hit a 23-month high of Rs 317 after they jumped 3% on the BSE in intra-day trade on Wednesday

The S&P BSE Sensex and Nifty50 have rallied 68 per cent and 70.8 per cent, respectively in FY21

Ace investor Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala held 5 million shares, or 8.04 per cent stake, in the company, as on December 31, 2020, the shareholding pattern data show

WABAG will execute Engineering, Procurement and Construction (EPC) portion of this project over 24 months followed by O&M of 15 years

The board also allotted 1.5 million shares to Basera Home Finance, and 1 million shares to Sushma Anand Jain and Anand Jaikumar Jain on preferential basis