VA Tech Wabag shines on bagging order worth Rs 100 crore

VA Tech Wabag is currently trading at Rs. 1633.45, up by 34.30 points or 2.14% from its previous closing of Rs. 1599.15 on the BSE. The scrip opened at Rs. 1621.00 and has touched a high and low of Rs. 1649.30 and Rs. 1621.00respectively. So far 273 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1748.00 on 30-Sep-2014 and a 52 week low of Rs. 480.00 on 27-Nov-2013. Last one week high and low of the scrip stood at Rs. 1633.80 and Rs. 1564.20 respectively. The current market cap of the company is Rs. 4309.74 crore. The promoters holding in the company stood at 29.43% while Institutions and Non-Institutions held 49.93% and 20.64% respectively. VA Tech Wabag has bagged an order from Maynilad Water Services, Philippines for construction of 20 MLD Sewage Treatment Plant (STP) at Tunasan. The project is funded by World Bank and the order value is around Rs 100 crore. After designing and building the plant, the company will operate and maintain the plant for a period of one year as part of the contract. This project is unique since this STP is constructed to handle wastewater flowing into the Laguna Lake which is one of the biggest alternate drinking water sources of Philippines. The company has already executed three projects in Philippines at Bagbag, Tatalon and Dona Imelda and is currently executing two large projects at Illugin and Putatan. 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.