Leading company that operates in water technology space, VA Tech Wabag Ltd today secured a consortium order worth Rs 3,251 crore from AI Haer Environmental Services. The shares of the company will remain in focus on February 10, 2025. Last trading price of the stock on Bombay Stock Exchange (BSE) is Rs 1365.90 per share. The company’s market capitalisation stood at Rs 8494.59 crore with return on equity (ROE) at 15.16%.
VA Tech Wabag share witnessed surge of 95.80% in last 1-year when BSE Sensex rallied 7.91%. Meanwhile, the company recommended a total of 8 dividends since June 29, 2011. It has so far recommended bonus share once in the ratio of 1:1 with ex-bonus date fixed as March 26, 2015. Check more details below:
VA Tech Wabag Ltd Bags Order From Saudi Arabia
According to the exchange filing of VA Tech Wabag Ltd dated February 9, 2025, “VA TECH WABAG (‘WABAG’), a leading pure-play water technology Indian Multinational Group, continues to expand its presence and strengthen its leadership position in the Middle East region by securing a significant consortium order worth USD 371 Million (~INR 3,251 Crores) from Al Haer Environmental Services Company towards Engineering, Procurement and Construction (‘EPC’) of a 200 MLD Independent Sewage Treatment Plant (‘ISTP’), including connections to outfall delivery facilities.”
This ISTP is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for its off-taker, the Saudi Water Partnership Company (‘SWPC’). SWPC is the principal off-taker for water and wastewater projects in the Kingdom of Saudi Arabia, added the exchange filing.
Commenting on this order win, Mr. Sivakumar V, Regional Head – Sales and Marketing, said, “We are extremely happy to secure this 200 MLD Independent Sewage Treatment Plant order from our existing client. We express our gratitude to Miahona Company, Marafiq, Besix Group and SWPC for their trust and confidence in WABAG. This state-of-the-art technology order is a testament to our technologically superiority and commitment to delivering high-quality solutions worldwide.”
VA Tech Wabag Shares Performance
The 52-week high price of VA Tech Wabag on BSE is Rs 1,943.95 per share (as on 09/12/2024) and 52-week low price is Rs 650.05 per share (as on 14/03/2024), respectively. VA Tech Wabag shares offered return of 2.53% in last 2-weeks, witnessed correction of 14.97% in last 1-month, and offered impressive returns of 321.57% in last 2-years. In last 5-years, VA Tech Wabag stock gained 536.49%.
VA Tech Wabag Financials
The company on February 7, 2025 declared its consolidated profit after tax (PAT) at Rs 70 crore for the quarter ended December 31, 2024 as against the PAT of Rs 63 crore reported in the corresponding quarter of last year amid better operating performance. Its profit before exceptional items and tax was announced at Rs 91 crore as compared to Rs 83 crore in the similar quarter of last year. Meanwhile, the firm’s revenue from operations stood at Rs 811 crore for the quarter under review as against Rs 704 crore announced in the similar quarter of last year.
Disclaimer
The story highlights order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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