VA Tech Wabag's stock surged to Rs. 1287.60, marking a 2.21% increase of 27.85 points from its previous close of Rs. 1259.75 on the BSE.

The stock opened at Rs. 1260.00, hitting a high of Rs. 1313.60 and a low of Rs. 1253.10, with 15,995 shares traded so far.

This BSE group 'A' stock, with a face value of Rs. 2, reached its 52-week high of Rs. 1405.00 on July 26, 2024, and a 52-week low of Rs. 436.35 on October 12, 2023. The stock's high and low over the last week were Rs. 1327.50 and Rs. 1208.00, respectively, with a current market capitalization of Rs. 8051.48 crore.

Promoters hold a 19.13% stake in the company, while institutional and non-institutional investors hold 16.51% and 64.36%, respectively.

VA Tech Wabag has secured a repeat order worth approximately Rs. 415 crore from the Chennai Metropolitan Water Supply and Sewage Board (CMWSSB) for the operation and maintenance of the 110 MLD SWRO Desalination Plant at Nemmeli, Chennai, for seven years.

Initially, Wabag's operation and maintenance contract, completed in 2021, was extended by CMWSSB. Following a public tender, Wabag won the repeat order for another seven-year term.

VA Tech Wabag specializes in water treatment and is based in India.