Wednesday, 31 July 2013

VA Tech Wabag surges as its order intake surpasses Rs 1,000 crore in Q1FY14

VA Tech Wabag is currently trading at Rs. 392.50, up by 3.65 points or 0.94% from its previous closing of Rs. 388.85 on the BSE.

The scrip opened at Rs. 388.90 and has touched a high and low of Rs. 395.00 and Rs. 387.00 respectively. So far 285 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 589.00 on 11-Jan-2013 and a 52 week low of Rs. 380.65 on 30-Jul-2013.

Last one week high and low of the scrip stood at Rs. 445.65 and Rs. 380.65 respectively. The current market cap of the company is Rs. 0.00 crore.

The promoters holding in the company stood at 30.91% while Institutions and Non-Institutions held 50.03% and 19.07% respectively.

VA Tech Wabag, a leading multinational company specialized in water and waste water management, has bagged orders exceeding Rs 1,000 crore cumulative in the first quarter of FY2014. Some of the domestic orders bagged by the company in the current quarter include orders from State municipalities like Orissa and Chennai.

Besides, the company has also been successful in bagging good order intake from international geographies like Philippines, Nepal and Turkey during the quarter. The company’s strategy of setting up of Multi Domestic Units (MDU) for deeper penetration in overseas geographies is progressing well.

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.

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