Shares of VA Tech Wabag Ltd surged 3% to touch a dayβs high of Rs 1,211.90 on 13th January. This occurred after the firm announced that it has secured a large domestic order from Bharat Petroleum Corporation Limited (BPCL). They will set up advanced industrial water treatment facilities at BPCLβs Bina Refinery and Petrochemical Expansion Project in Madhya Pradesh.
VA Tech Wabag said in an exchange filing that the BPCL order is valued between Rs 250β600 crore. It includes a comprehensive Water Block Package. This covers a Raw Water Treatment Plant (RWTP), a Reverse Osmosis-based Demineralisation Plant (RODMP), and a Zero Liquid Discharge Plant (ZLDP).
The project will be executed on an EPC (Engineering, Procurement, and Construction) basis. It includes design, construction, installation, testing, and commissioning, and is expected to be completed in 22 months.
S Natrajan, Head of Sales & Marketing, India Cluster, said the order reinforces Wabagβs leadership in the Oil & Gas sector. He highlighted the companyβs commitment to quality, reliability, and operational performance.
Last month, VA Tech Wabag secured another large order from the Saudi Water Authority. They will build an advanced 50 MLD brackish water reverse osmosis (BWRO) plant at Aljouf, Saudi Arabia.
In December, the Saudi Water Partnership Company also named VA Tech Wabag as the preferred bidder for the Hadda Independent Sewage Treatment Plant (ISTP). This is a large wastewater project under a 25-year build, operate, and transfer (BOT) model.
At 11:55 AM, shares of VA Tech Wabag were trading 2% higher at Rs 1,197.20 on NSE.
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