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VA TECH WABAG SHARE: WAT WABAG, a water treatment company, has received a big order from Saudi Arabia’s Riyadh based Al Higher Environmental Services. The company has received a consortium order of $ 37.1 million (about Rs 3,251 crore). Wabag said in a statement on Sunday that this order is for engineering, procurement and construction (EPC) of 20 million liters of water ‘Independent Sewage Treatment Plant’ (ISTP). The ISTP is being developed for the Saudi Water Partnership Company (SWPC) by a Consortium of Miahona Company (Lead), Marafic and NV Basics SA.
Part of ‘Vision 2030’ of Saudi rule
In the same year, Wabag obtained engineering and purchase order for 20 million liters of industrial waste water treatment plant at Ras Tanura Refinery Complex in Saudi Arabia. Miahona Company is a project developer here. It is part of the ISTP Saudi regime’s ‘Vision 2030’, which aims to provide reliable sewage treatment services and to improve the quality of life of the people in the country. The company’s regional head (sales and marketing) Shivkumar V said that this order is an important achievement for us in Saudi Arabia.
Share condition
VA TECH WABAG’s stock closed at Rs 1365.90 on BSE at Rs 1365.90 on BSE on Friday or Rs 26.50. The 52 week high of this stock is Rs 1943. At the same time, 52 weeks Low is 650 rupees. The company’s market cap is Rs 8,494 crore on BSE. In the last one year, this stock has given 105% returns. At the same time, this stock has gone up 600% in the last 5 years.
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