VA Tech Wabag share price added 10 percent in the early trade on February 10 after the company secured a consortium order worth USD 371 million (~ Rs 3,251 crore) from Al Haer Environmental Services Company towards Engineering, Procurement and Construction (EPC) of a 200 MLD Independent Sewage Treatment Plant (ISTP), including connections to outfall delivery facilities.
At 09:18am, Va Tech Wabag was quoting at Rs 1,490.35, up Rs 124.45, or 9.11 percent, on the BSE.
This ISTP is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for its off-taker, the Saudi Water Partnership Company (SWPC).
SWPC is the principal off-taker for water and wastewater projects in the Kingdom of Saudi Arabia.
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Earlier in this year, the company secured Engineering and Procurement order of a 20 MLD Industrial Wastewater Treatment Plant (IWWTP) at Ras Tanura Refinery Complex, the Kingdom of Saudi Arabia, where Miahona Company is the project developer.
The company had posted 11.6 percent jumped in its net profit at Rs 70.2 crore in the quarter ended December 2024 against Rs 62.9 crore in the same quarter ended December 2023.
The revenue of the company increased by 15.1% at Rs 811 crore versus Rs 704.4 crore, YoY.
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