The stock hit a new high after a gap of over nine years, on Monday. It surpassed its previous high of Rs 972.50 on March 17, 2015
As of December 31, 2022, VA Tech Wabag has an order book of over Rs 10,000 crore, that includes framework contracts, with 3 times revenue visibility
The company has won a design, build and operate (DBO) order in Bangladesh worth Rs 800 crore, fully funded by World Bank & AIIB
The company has secured industrial waste water treatment order in Romania worth about Rs 260 crore (30 million euros)
The company has strong revenue visibility with an outstanding order book as on 30 September 2022 of about Rs 9,200 crore (FYE22: RS 9,800 crore), which is around 3x of its annual revenue of FY22.
The company said international and industrial orders are expected to keep the momentum intact, going forward.
: Water treatment player VA Tech WABAG Ltd was confident of keeping the momentum in the fourth quarter and continue to yield profitable growth, a top official said on Friday.
Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction
Shares of VA Tech Wabag hit a 23-month high of Rs 317 after they jumped 3% on the BSE in intra-day trade on Wednesday
The S&P BSE Sensex and Nifty50 have rallied 68 per cent and 70.8 per cent, respectively in FY21
Ace investor Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala held 5 million shares, or 8.04 per cent stake, in the company, as on December 31, 2020, the shareholding pattern data show
WABAG will execute Engineering, Procurement and Construction (EPC) portion of this project over 24 months followed by O&M of 15 years
The board also allotted 1.5 million shares to Basera Home Finance, and 1 million shares to Sushma Anand Jain and Anand Jaikumar Jain on preferential basis
The proposed investors include marquee investors and high net worth individuals (HNIs) such as Rekha Rakesh Jhunjhnwala.
Company says this is the first time it has proposed to raise equity capital since its IPO in 2010
For the quarter ended March 2020, net profit of the company came in at Rs 30.47 crore, down 25.2 per cent against Rs 40.77 crore in the year-ago period.
In another news, rating agency ICRA on Tuesday revised the long-term fund-based facilities of the company to [ICRA]A(Negative) from [ICRA]A+(Negative)
The project comprises of a design, build and operate (DBO) scope worth Rs 940 crore and hybrid annuity scope worth around Rs 247 crore, it added.
For the nine month period ending December 31, 2018 total income was Rs 2,103.34 crore against Rs 2,422.83 crore
The stock moved higher by 16% to Rs 324, rallied 27 per cent in past one week after Norges Bank hiked stake in the company through open market purchases.