Va Tech Wabag shares rise 1.4% on securing new order worth ₹145 crore from Chennai Petroleum

The project will be completed over 12 months. As per the company, its technically superior and competitive bid ensured this order win, reinforcing its leadership in the Industrial water segment.

Commenting on this order win, the company’s management said, “CPCL has been a key customer of Wabag, and we are happy to be chosen to deliver this project. We thank CPCL for their continued trust and confidence reposed in WABAG.”

VA Tech Wabag stock rose as much as 1.4% on the National Stock Exchange of India on Wednesday to hit an intraday high of ₹1,667 apiece, compared to its previous close of ₹1,643.1 apiece. By 9:40 am, the share price had trimmed some of its gains to trade at ₹1,654 apiece, up 0.69%.

This is the company's second order win in one week. On December 27, it secured an order worth ₹700 crore for wastewater treatment plants in Zambia. Under this order, the company will build two advanced wastewater treatment plants of 54 MLD and 19 MLD in 36 months.

VA Tech Wabag shares witnessed a stellar performance in 2024 as the stock rose over 161% last year.