VA TECH WABAG LIMITED ('WABAG'), a leading pure play water technology Indian Multinational has secured an order for INR 296 Crores from Delhi Jal Board towards rehabilitation and up-gradation of the 182 MLD Waste Water Treatment Plant at Rithala under the Yamuna Action Plan. The scope includes design, supply, construction, commissioning including operation and maintenance for 11 years. The project will be financed by Japan International Cooperation Agency ('JICA').
The up-gradation includes WABAG designing and constructing a Biogas power generation unit from sewage, reducing dependence on the power grid. This is another fine example of promoting waste-to-energy concept. Commenting on this development, Mr. Pankaj Sachdeva, CEO -India Cluster, said "We at WABAG are excited at the continuous flow of orders. This repeat order reflects the client's confidence in us and our capabilities. This is a testimony to the fact that WABAG continues to enjoy the status of "Most Preferred Supplier" in water and waste water treatment space."
Shares of VA TECH WABAG LTD. was last trading in BSE at Rs.491 as compared to the previous close of Rs. 496. The total number of shares traded during the day was 8719 in over 333 trades.
The stock hit an intraday high of Rs. 497.8 and intraday low of 488.25. The net turnover during the day was Rs. 4281207.