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Economic Times
3 days ago
- Business
- Economic Times
VA Tech Wabag shares in focus on Rs 380 crore project win
VA Tech Wabag shares: The company has secured a contract valued at approximately Rs 380 crore. Shares of VA Tech Wabag will be in focus on Monday, July 28, after the company secured a contract worth approximately Rs 380 crore from the Bangalore Water Supply and Sewerage Board (BWSSB). In a regulatory filing, the company said it has won a design, build, and operate (DBO) order for the engineering, construction, and commissioning of advanced Wastewater Treatment Plants (WWTPs) with tertiary treatment facilities, biogas generation, solar sludge drying beds, intermediate pumping stations, and associated piping works. The project, located at four sites in Bommanahalli under the Karnataka Water Security and Disaster Resilience Program, is scheduled for completion in 30 months, followed by 10 years of operation and maintenance. This comes just days after the company announced a major international win. On July 24, VA Tech Wabag was awarded a 300 million litres per day (MLD) seawater reverse osmosis (SWRO) desalination plant project at Yanbu in Saudi Arabia, valued at approximately USD 272 million (Rs 2,332 crore). The contract from the Saudi Water Authority includes design, engineering, supply, construction, and commissioning of the greenfield mega desalination plant on the west coast of the Kingdom. Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to surge up to 55% Earlier in February, the company secured a Rs 3,251 crore (USD 317 million) consortium order for the Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh. Wabag was awarded the EPC contract for a 200 MLD ISTP, including outfall connections. The project is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for the Saudi Water Partnership Company (SWPC), which is the main off-taker for water and wastewater projects in the Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returnsAccording to Trendlyne, the average target price for VA Tech Wabag is Rs 1,839, implying an upside potential of around 13% from current levels. Among the four analysts tracking the stock, the consensus rating is 'Strong Buy'.In 2025 so far, shares of VA Tech Wabag have declined over 3%, but have delivered a strong 207% return over the past two years. The company's current market capitalisation stands at approximately Rs 10,092 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
VA Tech Wabag shares in focus on Rs 380 crore project win
Live Events VA Tech Wabag shares target price (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of VA Tech Wabag will be in focus on Monday, July 28, after the company secured a contract worth approximately Rs 380 crore from the Bangalore Water Supply and Sewerage Board (BWSSB).In a regulatory filing, the company said it has won a design, build, and operate (DBO) order for the engineering, construction, and commissioning of advanced Wastewater Treatment Plants (WWTPs) with tertiary treatment facilities, biogas generation , solar sludge drying beds, intermediate pumping stations, and associated piping project, located at four sites in Bommanahalli under the Karnataka Water Security and Disaster Resilience Program, is scheduled for completion in 30 months, followed by 10 years of operation and comes just days after the company announced a major international win. On July 24, VA Tech Wabag was awarded a 300 million litres per day (MLD) seawater reverse osmosis (SWRO) desalination plant project at Yanbu in Saudi Arabia, valued at approximately USD 272 million (Rs 2,332 crore). The contract from the Saudi Water Authority includes design, engineering, supply, construction, and commissioning of the greenfield mega desalination plant on the west coast of the in February, the company secured a Rs 3,251 crore (USD 317 million) consortium order for the Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh. Wabag was awarded the EPC contract for a 200 MLD ISTP, including outfall connections. The project is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for the Saudi Water Partnership Company (SWPC), which is the main off-taker for water and wastewater projects in the to Trendlyne, the average target price for VA Tech Wabag is Rs 1,839, implying an upside potential of around 13% from current levels. Among the four analysts tracking the stock, the consensus rating is 'Strong Buy'.In 2025 so far, shares of VA Tech Wabag have declined over 3%, but have delivered a strong 207% return over the past two years. The company's current market capitalisation stands at approximately Rs 10,092 crore.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
