Earlier this year, WABAG secured an engineering and procurement order for a 20 MLD industrial wastewater treatment plant at the Ras Tanura Refinery Complex in the Kingdom of Saudi Arabia, where Miahona Company is the project developer.
Promises to improve sanitation around the bay have been made since the United Nations Conference on Environment and Development, also known as Earth Summit, in 1992.
With VA Tech WABAG‘s 70 percent business coming from the government, its current global order book stands at Rs 5,500 crore, says company MD & CEO Rajiv Mittal.
VA Tech Wabag currently has a firm order book of Rs 5,000 crore and it further has framework orders of close to Rs 1,100 crore, according to CEO Rajiv Mittal.
The scope of the project awarded to VA Tech Wabag includes construction of sewage treatment plants and pumping stations and their operation and maintenance in Bhubaneswar and Cuttack.
SP Tulsian of sptulsian.com picks two stocks as his multi-baggers for the day. He bets on KRBL and Alkyl Amines with targets of Rs 35 and Rs 200 respectively.