VA Tech's share price rose after the company secured an order worth approximately Rs 360 crore from GAIL and IOCL
The uptick in VA Tech Wabag share price came after the company announced that it has secured a major consortium order worth $371 million (about Rs 3,251 crore) from Al Haer Environmental Services Co
Water treatment player VA Tech WABAG has secured a consortium order worth USD 371 million (about Rs 3,251 crore) from Al Haer Environmental Services Company at Riyadh, Saudi Arabia. The order is for engineering, procurement and construction (EPC) of a 200 MLD Independent Sewage Treatment Plant (ISTP), including connections to outfall delivery facilities, WABAG said in a statement on Sunday. This ISTP is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for its off-taker, the Saudi Water Partnership Company (SWPC), it said, adding that SWPC is the principal off-taker for water and wastewater projects in Saudi Arabia. Early this year, WABAG secured an engineering and procurement order of a 20 MLD industrial wastewater treatment plant at Ras Tanura Refinery Complex, the Kingdom of Saudi Arabia, where Miahona Company is the project developer, it said. This ISTP is part of the Kingdom's 'Vision 2030', which aims to provide reliable sewage treatment
The uptick in the VA Tech Wabag share came after the company announced that it has secured an order worth about $14 million (approximately Rs 121 crore) from BAPCO Refining B.S.C (BAPCO)
Shares of VA Tech Wabag surged 6.67 per cent at Rs 1,690 a piece on the BSE in Friday's intraday trade
Va Tech Wabag had received a 300 MLD Mega Sea Water Desalination plant order, worth Rs 2,700 crore, in the Kingdom of Saudi Arabia on September 6, 2024.