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04-Jul2017

VA Tech Wabag surges on inking pact with IIT Kanpur

VA Tech Wabag is currently trading at Rs. 702.00, up by 7.80 points or 1.12% from its previous closing of Rs. 694.20 on the BSE.

The scrip opened at Rs. 695.15 and has touched a high and low of Rs. 707.00 and Rs. 695.15 respectively. So far 4094 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. 449.95 on 23-Dec-2016.

Last one week high and low of the scrip stood at Rs. 707.50 and Rs. 675.00 respectively. The current market cap of the company is Rs. 3836.27 crore.

The promoters holding in the company stood at 24.73%, while institutions and non-institutions held 49.90% and 25.38% respectively.

VA Tech Wabag has entered into an agreement with Indian Institute of Technology (IIT) - Kanpur to develop sustainable villages on banks of the Ganges.

These sustainable villages, Model Ganga Grams, would be a part of Namami Gange and Swachh Bharat programmes launched by the Government of India. The initiative is supported by National Mission for Clean Ganga, Ministry of Water Resources, Ministry of Rural Development and Ministry of Gram Panchayat, New Delhi.

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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