“The company, a leader in the Indian water treatment technology market, has bagged Rs 1,470 million orders from Bihar Urban Infrastructure Development Corp. Ltd., under the NMCG to design, build and operate a 60 MLD sewage treatment plant at Pahari, Patna. The project will be jointly financed by World Bank and NMCG,” VA Tech Wabag said in a press release.
The company also won a repeat order for Rs 830 million to design, build and operate a 124-MLD water treatment plant at Rajpur-Sonarpur in Kolkata from the Kolkata Metropolitan Development Authority.
The company secured an order worth Rs 2,900 million from HPCL — Mittal Energy Limited ('HMEL') towards design and build of Effluent Treatment Plant at Guru Gobindh Singh Refinery, Bathinda, Punjab, it added.
The stock had underperformed the market by falling 25% in past one year as compared to 14% surged in the S&P BSE Sensex till Wednesday.