VA Tech Wabag rises on securing repeat order from ONAS for Wastewater Treatment Plant at Tunisia

VA Tech Wabag is currently trading at Rs. 943.55, up by 13.40 points or 1.44% from its previous closing of Rs. 930.15 on the BSE.

The scrip opened at Rs. 940.00 and has touched a high and low of Rs. 963.35 and Rs. 940.00 respectively. So far 7148 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1030.00 on 25-Apr-2024 and a 52 week low of Rs. 389.15 on 22-May-2023.

Last one week high and low of the scrip stood at Rs. 970.80 and Rs. 912.00 respectively. The current market cap of the company is Rs. 5784.64 crore.

The promoters holding in the company stood at 19.13%, while Institutions and Non-Institutions held 18.08% and 62.80% respectively.

VA Tech Wabag has secured a repeat order from Office National De L’assainissement (ONAS). The consortium order entails Design, Build, Operate (DBO), towards a 36 MLD Wastewater Treatment Plant (WTP) valued at 114.22 Million Tunisian Dinars (approximate Euro 34 Million), located at Sousse Hamdoun II, Tunisia. The scope of WABAG under this order will be Engineering & Procurement (‘EP') and Operation & Maintenance (O&M), which is worth about half of the consortium order value. This includes Design, Engineering, Supply, Installation and Commissioning of the plant followed by a One Year O&M phase.

WABAG's excellent track-record with ONAS spanning three decades, coupled with a technically superior and competitive bid, were instrumental in securing this repeat order win, thereby strengthening WABAG's foothold in the North African region. The project, funded by the French Development Agency (AFD), the European Investment Bank (BEI) and the European Union (EU) will be executed over a period of 24 months followed by 12 months Operation & Maintenance period. 

The scope of WABAG under this order will be Engineering & Procurement (‘EP') and Operation & Maintenance (O&M), which is worth about half of the consortium order value. This includes Design, Engineering, Supply, Installation and Commissioning of the plant followed by a One Year O&M phase. The project will be spearheaded by WABAG as the leader of the Consortium, with Entreprise Gloulou Mohamed et Salem (EGMS) serving as the consortium partner responsible for all Civil Works associated with the project. 

VA Tech Wabag is an India-based company engaged in the business of water treatment field.