VA Tech Wabag gains on new order win

The company made the announcement before market hours today, 10 June 2013.

Meanwhile, the BSE Sensex was up 66.67 points or 0.34% at 19,495.90.

On BSE, 750 shares were traded in the counter as against average daily volume of 6,928 shares in the past one quarter.

The stock hit a high of Rs 460 and a low of Rs 454 so far during the day. The stock had hit a 52-week high of Rs 589 on 11 January 2013. The stock had hit a 52-week low of Rs 430.15 on 14 June 2012.

The small-cap company has equity capital of Rs 5.31 crore. Face value per share is Rs 2.

VA Tech Wabag said it has bagged an order worth Rs 114.85 crore from Chennai Metropolitan Water Supply and Sewage Board. The order comprises of construction of pumping stations and pipeline works for providing comprehensive water supply and sewerage scheme for the residents of Sholinganallur- Karapakkam on the Old Mahabalipuram Road (OMR) in Chennai city under Chennai Mega City Development Mission project. The completion of the project is scheduled for 24 months for water supply scheme and 30 months for sewerage scheme.

On a consolidated basis, VA Tech Wabag's net profit rose marginally by 0.02% to Rs 60.37 crore on 1.7% growth in total income to Rs 685.53 crore in Q4 March 2013 over Q4 March 2012.

The WABAG Group acts as a systems specialist and full service provider with a focus on the planning, installation and operation of drinking and waste water plants for local government and industry in the growth markets of Asia, North Africa, Middle East, the Central and Eastern Europe states. The Group represents a leading multinational player with a workforce of over 1,500 and has companies and offices in more than 20 countries.

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