VA Tech Wabag saw its stock price rise to Rs. 1333.00, marking a gain of 42.55 points or 3.30% compared to its previous close of Rs. 1290.45 on the BSE.

The stock started trading at Rs. 1374.00, with a high of Rs. 1390.25 and a low of Rs. 1331.80 during the day. A total of 38,755 shares exchanged hands.

A BSE Group 'A' stock with a face value of Rs. 2, VA Tech Wabag reached a 52-week high of Rs. 1420.00 on August 20, 2024, and a 52-week low of Rs. 436.35 on October 12, 2023. Over the last week, the stock's high and low were Rs. 1309.40 and Rs. 1240.15, respectively. The company currently holds a market cap of Rs. 8345.96 crore.

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

VA Tech Wabag (WABAG) has secured a significant order valued at approximately Rs 2,700 crore from the Saudi Water Authority (SWA). WABAG won this prestigious contract due to its strong track record and technologically advanced proposal. The project involves Engineering, Procurement, Construction, and Commissioning (EPCC) of a 300 Million Litre per Day (MLD) Mega Seawater Reverse Osmosis (SWRO) Desalination Plant in Yanbu, Saudi Arabia.

The SWA, previously known as the Saline Water Conversion Corporation (SWCC), oversees the water sector in Saudi Arabia, aligning with the nation’s Vision 2030 for water sustainability. The authority manages over 40 desalination plants producing 11 million cubic meters of water daily, in addition to over 139 water purification stations producing 4 million cubic meters per day.

The project includes designing, engineering, supplying, constructing, and commissioning the desalination plant, located on a greenfield site along the Red Sea's west coast. The plant, to be completed in 30 months, will use advanced technology like Dual Media Filters and a two-pass Reverse Osmosis process to ensure high-quality drinking water.