WPIL jumps after South Africa arm wins Rs 426-cr MCWAP2 project
WPIL surged 7.48% to Rs 415.75 after its South African subsidiary has secured a major contract from METSI KE MATLA JV.
The subsidiary will carry out complete electro-mechanical and instrumentation works for the Trans Caledon Tunnel Authoritys MCWAP2 Project in South Africa.
The total value of the contract stands at 821 million Rand (Rs 426 crore), with a project execution timeline of 48 months, the company said.
WPIL clarified that the contract does not fall under related-party transactions.
WPIL is engaged in designing, developing, manufacturing, erecting, commissioning and servicing of pumps & pumping systems.
The companys consolidated net profit tanked 31.9% to Rs 41.02 crore on 13.2% decline in revenue from operations to Rs 426.02 crore in Q2 FY26 over Q2 FY25.
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