VA Tech Wabag shares jump nearly 6% on Rs 4,400 crore project win
VA Tech Wabag shares jump nearly 6% on Rs 4,400 crore project win

VA Tech Wabag percentage rate received almost 6 percentage withinside the early alternate on March 31 after the agency`s joint mission secured an order really well worth Rs 4,four hundred crore.

Va Tech Wabag secured the four hundred million litres according to day (MLD) seawater opposite osmosis (SWRO) desalination challenge from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) really well worth approximately Rs 4,four hundred crores.

The challenge is scheduled to be completed beneathneath the management of WABAG in a joint mission with Metito Overseas Limited.

This DBO order consists of the scope of design, engineering, procurement, construction, installation, trying out and commissioning of the four hundred MLD SWRO desalination plant and the related seawater consumption device over a duration of forty two months accompanied through twenty years of Operation & Maintenance (O&M), the agency stated in its press release.

The desalination system will consist of Lamella Clarifiers, Dissolved Air Flotation System, Gravity Dual Media Filters accompanied through Reverse Osmosis and Re-mineralization to supply smooth ingesting water with a view to be in addition allotted through CMWSSB to the citizens of South Chennai.

This challenge is a landmark challenge for Chennai and India given that this challenge whilst completed, may be the Largest Desalination plant withinside the South East Asian Region, the agency stated.

“This is traditionally the most important ever order for Wabag. I`m extraordinarily glad that we had been presented this massive, prestigious and crucial Desalination plant order in Chennai from our depended on consumer CMWSSB with whom our affiliation spans over 2 many years now," stated Shailesh Kumar, CEO – India Cluster.

At 09:sixteen hrs Va Tech Wabag changed into quoting at Rs 354.forty five, up Rs 17.ninety, or 5.32 percentage at the BSE.

The percentage touched a 52-week excessive of Rs 374.ninety and a 52-week low of Rs 220 on December 12, 2022, and June 17, 2022, respectively.

Currently, it's far buying and selling 5.forty five percentage beneathneath its 52-week excessive and 61.eleven percentage above its 52-week low.


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