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19-Apr2018

VA Tech Wabag surges on bagging orders worth Rs 253 crore

VA Tech Wabag is currently trading at Rs. 523.00, up by 12.10 points or 2.37% from its previous closing of Rs. 510.90 on the BSE.

The scrip opened at Rs. 510.15 and has touched a high and low of Rs. 529.20 and Rs. 510.15 respectively. So far 29397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 749.00 on 21-Jun-2017 and a 52 week low of Rs. 462.00 on 08-Mar-2018.

Last one week high and low of the scrip stood at Rs. 529.20 and Rs. 503.10 respectively. The current market cap of the company is Rs. 2852.02 crore.

The promoters holding in the company stood at 24.69%, while Institutions and Non-Institutions held 48.33% and 26.98% respectively.

VA Tech Wabag has been awarded an order for Rs 253 crore by Bihar Urban Infrastructure Development Corporation (BUIDCO), under the prestigious Namami Gange scheme (National Mission for Clean Ganga NMCG). The scope includes survey, review, redesign and build new sewerage system along with a pumping station and operation and maintenance of 10 years at Karmalichak, Patna. The project will be jointly financed by World Bank and NMCG.

VA Tech Wabag is an India-based company engaged in the business of water treatment field. The company's principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants.


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