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VA Tech Wabag gains on Rs 115-cr fresh order

The company has won an order worth Rs 114.85 crore from Chennai Metropolitan Water Supply and Sewage Board.

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SI Reporter Mumbai
VA Tech Wabag is trading higher by 2% at Rs 459 after the company said it has won 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, VA Tech Wabag said in a BSE filing.

The completion of the project is scheduled for 24 months for water supply scheme and 30 months for sewerage scheme, it added.

The stock opened at Rs 455 and hit a high of Rs 460 on BSE. A combined 3,692 shares have changed hands on the counter till 1020 hours on BSE and NSE.
 

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First Published: Jun 10 2013 | 10:23 AM IST

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