Deep Raj Saxena, CEO Middle East & Africa Cluster, VA Tech Wabag, said the order was a major breakthrough for the company in Saudi Arabia
The stock was up 4% to Rs 518 on the BSE after the company said that it won orders worth of Rs 5,200 million under Namami Gange scheme and repeat order from oil & gas sector
The stock up 3% to Rs 614 as the company received a repeat order worth Rs 386 crore from the BWSSB.
This is the second order for Wabag from Dangote after the raw water treatment plant order
The stock was up 5% to Rs 490 after the company reported a strong 70% YoY jump in profit at Rs 24 crore in Q2FY17.
This is the highest ever order intake clocked by the Group in a single financial year
The stock was 5% to 534 after the company said it has won record orders worth of Rs 5,000 crore in the FY16.
The stock rallied 5% to Rs 462 on the BSE in early morning trade.
The company said VA Tech Wabag Egypt Ltd, a subsidiary of VA Tech Wabag GmbH, Austria has been liquidated.