VA Tech surges on bagging 140 MLD STP order worth Rs 220 crore

05 Jan 2015 Evaluate

VA Tech WABAG is currently trading at Rs. 1546.00, up by 40.40 points or 2.68% from its previous closing of Rs. 1505.60 on the BSE.

The scrip opened at Rs. 1564.55 and has touched a high and low of Rs. 1578.10 and Rs. 1537.40 respectively. So far 2,728 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1748.00 on 30-Sep-2014 and a 52 week low of Rs. 504.00 on 29-Jan-2014.

Last one week high and low of the scrip stood at Rs. 1578.10 and Rs. 1460.00 respectively. The current market cap of the company is Rs. 4,175.00 crore.

The promoters holding in the company stood at 29.43% while Institutions and Non-Institutions held 49.93% and 20.64% respectively.

VA Tech WABAG, a leading Indian MNC in Water and Waste Water Treatment, has won an order worth Rs 220 crore for Design and Construction of 140 MLD Sewage Treatment Plant (STP) at Dinapur, Varanasi including Operation and Maintenance for ten years. The scope includes Design, Engineering, Supply, Installation, Testing and Commissioning of the Sewage Treatment Plant whereas the civil construction will be carried out by the JV partner.

The order is part of JICA - Funded Ganga Action Plan Project and the implementation agency for this project is Ganga Pollution Prevention Unit of UP Jal Nigam, Varanasi.

WABAG would employ the Activated Sludge Process with Biogas based Power Generation for this project. This process will help the plant to generate power from biogas and the plant would largely be self-sustainable using this Green Energy. This will not only help the project to reduce its operational costs but will also reduce the carbon emissions and thus will qualify for carbon credits.

VA Tech Wabag is a multinational player in the water treatment industry. It offers complete life cycle solutions including conceptualization, design, engineering, procurement, supply, installation, construction and O&M services.

VA Tech Wabag Share Price

1694.70 -7.80 (-0.46%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 1694.70
Race Eco Chain 345.15
Antony Waste Hand 612.25
RESGEN 112.05
GEM Enviro 152.55
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