VA Tech Wabag shares surge 12% as co secures ₹121 crore wastewater treatment plant deal in Bahrain

The seven-year-long operations contract for the BAPCO Refining Industrial Wastewater Treatment Plant will help the company to expand its presence in the Middle East region and strengthen its leadership in the O&M (operations and maintenance) business, the company said in a press release.

“We are extremely happy to secure this Industrial Wastewater treatment operations order in the Kingdom of Bahrain. We express our gratitude to BAPCO for their trust and confidence in WABAG. This order win is a testament to our technological excellence and our unwavering commitment to delivering world-class water solutions to the oil and gas sector Globally,” Srinivasan K, general manager of Wabag’s Middle East Regional Headquarters commented on the order win.

Additionally, the company has been operating and maintaining the 40 megaliters per day (MLD) Madinat Salman Sewage Treatment Plant in Bahrain since November 2018.

VA Wabag stock past performance

VA Wabag hit its 52-week low of ₹615 per share, exactly one year ago on January 29, 2024.

As of 3:11 pm, the company was trading at ₹1,377.65 apiece, up 10.22% on the NSE.

The stock has fallen 2.63% over the last five days and 18.50% during the past month. It has gained 1.6% over the past month and an astounding 107.82% from the year-ago period.

About VA Wabag

VA Tech Wabag is a leading pure-play water technology Multinational Group. Its primary services include the design, supply, installation, construction and operational management of drinking water, wastewater treatment, industrial water treatment and desalination plants.

The company has a total market cap of ₹8,342.53 crore as of January 29, 2025, on the NSE.