Robust FY 2016 order book boosts VA Tech Wabag

VA Tech Wabag rose 4.43% to Rs 531.10 at 10:33 IST on BSE after the company said it has secured orders worth Rs 5000 crore in the year ending 31 March 2016 so far, its highest ever order intake in a single financial year.

The announcement was made during market hours today, 21 March 2016.

Meanwhile, the S&P BSE Sensex was up 163.69 points or 0.66% at 25,116.43.

On BSE, so far 36,000 shares were traded in the counter as against average daily volume of 21,776 shares in the past one quarter. The stock hit a high of Rs 540.95 and a low of Rs 507.50 so far during the day. The stock had hit a 52-week high of Rs 956.70 on 19 March 2015. The stock had hit a 52-week low of Rs 409.30 on 1 March 2016.

The small-cap company has equity capital of Rs 10.90 crore. Face value per share is Rs 2.

The Exim Bank of India funded Polgahawela water treatment plant order has been brought into the company's firm order book, following the signing of the loan agreement between the Water Board of Sri Lanka and Exim Bank of India earlier this month, VA Tech Wabag said. The order worth $108 million is the second order secured from Sri Lanka by the company through buyers' credit, VA Tech Wabag said in a statement.

Va Tech Wabag's consolidated net profit rose 36.7% to Rs 18.90 crore on 1.7% growth in net sales to Rs 628.87 crore in Q3 December 2015 over Q3 December 2014.

VA Tech Wabag is a leading multinational company specialized in water and waste water management.

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