Friday, 19 July 2013

WABAG JV wins 344 Crore World Bank Funded Project from Philippines

VA Tech Wabag is currently trading at Rs 447.90, up by 12.60 points or 2.89% from its previous closing of Rs 435.30 on the BSE.

The scrip opened at Rs 438.00 and has touched a high and low of Rs 452.00 and Rs 438.00 respectively. So far 966 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 423.05 on 13-Jun-2013.

Last one week high and low of the scrip stood at Rs 456.00 and Rs 432.00 respectively. The current market cap of the company is Rs 1156.04 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, in partnership with a local civil construction company, JV ANGELES Construction Corporation, Philippines has bagged an order from Manila Water Company, Philippines for a value of Rs 344 crore. The company is the Lead Partner and the project is funded by World Bank.

The scope of work comprises design and construction of 100 MLD Ilugin Sewage Treatment Plant for Pasig River Wastewater Catchment, Pasig city, Metro Manila with operation of the plant for a period of two years.

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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