Water technology company VA TECH WABAG on Saturday said it secured an Asian Development Bank (ADB)- funded order worth Rs 1,000 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The order is to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project (CCRWSSP) for Greater Chennai City. The ADB-funded project will establish a city-wide water grid platform for Chennai, enabling flexible water routing, improved pressure management, and greater operational reliability under both normal and emergency conditions, WABAG said in a statement. "This Rs 1,000 crore project marks an important step towards building a resilient and future-ready water infrastructure for Chennai. The development of a citywide water grid will significantly enhance the city's supply reliability, operational flexibility, and climate resilience," WABAG Chief Executive Officer - India Cluster, Shailesh Kumar said. The project will be ...
Va Tech Wabag is well-positioned for sustained growth, with regular order inflows and normal project execution in the Middle East despite current escalating tensions
Systematix has set a target price of ₹1,840 for VA Tech Wabag, implying an upside of 53 per cent, and ₹346 for Enviro Infra Engineers, indicating an 83 per cent potential gain
On the bourses, VA Tech Wabag share price rose as much as 6.17 per cent to an intraday high of ₹1,349, before trading 2.81 per cent higher at ₹1,306.20 around 12:50 PM.
At 9:30 AM, VA Tech share price continued to trade higher, up 1.99 per cent at ₹1,430. In comparison, BSE Sensex was trading 0.20 per cent higher at 85,355.60 levels.
Despite global headwinds and subdued returns in Samvat 2081, analysts expect the coming year to offer selective opportunities across banking, consumption, infrastructure, and technology themes.