VA Tech Wabag share price jumped 4 percent in the early trade on July 24 following the company received a letter of award for a 300 MLD mega sea water desalination plant in the Kingdom of Saudi Arabia.
At 09:22am, Va Tech Wabag was quoting at Rs 1,655, up Rs 62.65, or 3.93 percent, on the BSE.
".... has been awarded a 300 million litres per day (MLD) sea water reverse osmosis (SWRO) mega desalination plant at Yanbu, in the Kingdom of Saudi Arabia valued at approximately USD 272 million (SAR 1,019 million / Rs 2,332 crore) by the Saudi Water Authority (SWA)," company said in its release.
This project includes the scope of design, engineering, supply, construction, and commissioning of a 300 MLD Mega Desalination Plant, to be developed on a greenfield site located along the west coast of the Kingdom of Saudi Arabia.
“We are immensely proud to have emerged successful in this prestigious project not just once, but twice. This repeat success underscores the strength of our technical
competence, competitiveness and our deep-rooted capabilities in executing large and complex desalination projects," said Rohan Mittal, Head of Strategy and Business Growth for GCC.
"This prestigious project, aligns with and contributes to the ambitious goals of Saudi Vision 2030 and reinforces WABAG’s global leadership in the desalination sector,” he added.
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In the previous trading session, the share closed up 0.53 percent or Rs 8.45 at Rs 1,592.35.
The share touched a 52-week high of Rs 1,943.95 and a 52-week low of Rs 1,109.35 on 09 December, 2024 and 28 January, 2025, respectively.
Currently, the stock is trading 14.86 percent below its 52-week high and 49.19 percent above its 52-week low.
The market capitalisation of the company stands at Rs 10,296.69 crore.
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