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Shares of VA Tech Wabag rallied nearly 5% at Rs 793 on the National Stock Exchange (NSE) after the company said it has won orders worth over Rs 1,000 crore during April-June (Q1) quarter.
The company, which is engaged in the water treatment field, had guided an order intake in the range of Rs 3,500 crore and Rs 3,700 crore for the current financial year 2015-16 (FY16).
Of these Rs 1,000 crore orders, the company's joint venture (JV) won its first EPC order in the Kingdom of Bahrain for a value of over Rs 580 crore, VA Tech Wabag said in a press release.
Further, the company bagged a raw water treatment plant (RWTP) industrial order in Nigeria for a value of over Rs 220 crore and a Rs 85 crore pre-treatment plant order for 400 MLD Brackish Water Desalination plant in Saudi Arabia, VA Tech Wabag added.
The stock touched a high of Rs 799 so far and has seen a combined 75,180 shares changing hands on the counter on the NSE and BSE till 0937 hours.
The company, which is engaged in the water treatment field, had guided an order intake in the range of Rs 3,500 crore and Rs 3,700 crore for the current financial year 2015-16 (FY16).
Of these Rs 1,000 crore orders, the company's joint venture (JV) won its first EPC order in the Kingdom of Bahrain for a value of over Rs 580 crore, VA Tech Wabag said in a press release.
Further, the company bagged a raw water treatment plant (RWTP) industrial order in Nigeria for a value of over Rs 220 crore and a Rs 85 crore pre-treatment plant order for 400 MLD Brackish Water Desalination plant in Saudi Arabia, VA Tech Wabag added.
The stock touched a high of Rs 799 so far and has seen a combined 75,180 shares changing hands on the counter on the NSE and BSE till 0937 hours.
