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Va Tech Wabag Ltd. is currently trading at Rs 1774.1, up 3.91%, while the stock has declined 5.29% over the last one week.
VA TECH WABAG has secured a ‘Mega’ order from Reliance Industries Limited (RIL) for the design, engineering, supply, installation, and commissioning of an 8,400 m3/hr desalination plant, expandable to 12,600 m3/hr (302 MLD), alongside a 3,000 m3/hr remineralization plant at Jamnagar, Gujarat. Classified as a ‘Mega’ order exceeding Rs 1,000 Crores, the project will be executed over 25 months and reinforces RIL’s confidence in WABAG’s technology, according to Vice President and Head of Sales & Marketing, S. Natrajan. The company noted that neither the promoter group nor any group companies have any interest in RIL, and the order does not constitute a related party transaction.
Trading volume reached 7206 shares today, a decrease of 96.63% compared to the one-week average volume. Va Tech Wabag Ltd surged 26.58% year-over-year, outperforming the 12.37% loss recorded by the NIFTY50 index.