VA Tech Wabag Limited (WABAG), a leading Indian multinational specializing in water technology, has won a ₹145 crore order from Chennai Petroleum Corporation Limited (CPCL). The project involves the design, engineering, supply, fabrication, installation, and commissioning of desalination water pipelines between CPCL’s Manali Refinery and its desalination plant at Kattupalli. The work is set to be completed within 12 months.
WABAG’s technically advanced and competitive bid played a significant role in securing this project, reaffirming its leadership in the industrial water segment.
Management’s Remarks
Expressing satisfaction over the order win, Mr. S. Natrajan, Head of Sales & Marketing for WABAG’s India Cluster, stated:
“CPCL has been a key customer of WABAG, and we are delighted to deliver this project. We thank CPCL for their continued trust and confidence in WABAG.”
About VA Tech Wabag
VA Tech Wabag Limited is a global leader in water technology with over a century of expertise. The company provides innovative and sustainable water solutions for both municipal and industrial clients across the globe. As a pure-play Indian multinational, WABAG offers end-to-end services, including design, engineering, and long-term operations. With a focus on research and development, WABAG is committed to creating solutions that address global water challenges while promoting sustainability.
Stock Performance and Market Insights
- Shares of VA Tech Wabag rose 1.90% today, closing at ₹1,674.35 per share, with an intraday high of ₹1,690 and a low of ₹1,642.20.
- The stock’s 52-week high is ₹1,943.95, and its 52-week low is ₹595.90.
- Renowned investor Rekha Jhunjhunwala holds an 8.04% stake in the company.
Financial Highlights
- Market Cap: Over ₹10,000 crore.
- Order Book: ₹14,600 crore.
- Price-to-Earnings Ratio (PE): 14x, significantly lower than the industry average of 37x.
- The stock has delivered 165% returns in the past year, outperforming the BSE Small-Cap Index’s 30% gain during the same period.
Investment Perspective
With a strong order book, leadership in industrial water projects, and a history of delivering multibagger returns, VA Tech Wabag is a stock worth monitoring.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always consult a financial advisor before making investment decisions.
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