Va Tech Wabag’s shares saw tremendous pace today. The company’s shares jumped 8.21% to high at ₹ 1,312.10. A new and big order became the reason for this fast. The company has obtained an order of ₹ 121 crore (about $ 14 million) from Bapco Refining BSC (BAPCO) of Bahrain. The order has been received for 7 years of operation and maintenance of the Industrial Westwater Treatment Plant (IWTP) there.
Now you must be wondering what does this plant do? So let us know that this plant has the ability to clean 4,400 US gallons per minute and use the membrane bioria (MBR) technology. This means that this plant cleans the water at such a high level that it can meet the environment and industrial standards.
Va Tech Wabag is already running the Madinat Salman sewage treatment plant in Bahrain, which has been working since 2018. The company’s Middle East Regional Headquarters (RHQ) General Manager Srinivasan K. expressed happiness over the deal, saying, “We are very happy to get this big project of industrial wastewater treatment in Bahrain. We thank Bapco for the trust and cooperation. This deal proves our technical experience and our attempt to give the best water solution to the oil-gas sector worldwide. ”
If you do not know Va Tech Wabag, then tell that this company is a big name in water purification. It specializes in the design, construction and management of drinking water, waste water, industrial water, sewage treatment and dislocation plants. The company working in more than 25 countries has made a strong hold in India, South-East Asia, Middle East, Africa, Europe and Latin America.
Established in 1924, the company has completed more than 6,500 projects so far and has more than 125 patents. Not only this, the company also has R&D centers in Europe and India, working on new technologies.
Rekha Jhunjhunwala’s share
It is worth noting that Rekha Jhunjhunwala holds an 8% stake in Va Tech Wabag by December 2024. Talk about the total value of this stock, it is Rs 669.9 crore. Rekha Jhunjhunwala’s portfolio currently has a total of 20 stocks with a total net worth of Rs 18,471.7 crore.
VA TECH WABAG continues in the stock market. According to BSE, the company’s market capitalization is ₹ 8,123.62 crore and is included in the BSE Smallcap category. By the end of trading on Wednesday, its stock was trading 10% to ₹ 1,334.90, while BSE Sensex rose 0.83% to 76,532.96 during this period.