Flow of fresh orders during the current fiscal for water and water management company Va Tech Wabag has gone past the Rs 2,000 crore mark with the company reporting Rs 1,000 crore order flow in the quarter ended September 30, 2013.
It has actually repeated its first quarter performance when it reported Rs 1,000 crore order inflow.
In its filings with the stock exchanges, Va Tech Wabag said that the new order intake has crossed the Rs 2,000 crore mark during the year. While it had reported a Rs 1,000 crore order inflow during the first quarter of this year, it has repeated this feat in the second quarter of the year as well.
The new international orders have come from Mandinaty (Egypt), a World Bank-funded sewage treatment plant order from the Philippines, and O&M order from Romania. In the domestic market, orders were received from Reliance Industries and Aurangabad Municipal Corporation, apart from others.
Va Tech Managing Director, Rajiv Mittal, said the order book of the company was strong and he was confident of meeting the annual guidance numbers on order intake ahead of the targeted dates.
Shares of Va Tech were trading at Rs 534.05, down by Rs 28.55 on the NSE at 11.45 a.m.
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