Water management stock jumps 4% after it receives an order for wastewater treatment plant in Kingdom of BahrainWater management stock jumps 4% after it receives an order for wastewater treatment plant in Kingdom of Bahrain

Introduction:

Leading water technology multinational group has secured a $14 million (₹121 crore) contract for a seven-year operation of an Industrial Wastewater Treatment Plant in Bahrain. This deal strengthens its Middle East O&M portfolio, enhancing wastewater management with advanced treatment technology.

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Share price movement of VA TECH WABAG:

On January 29, 2025, VA TECH WABAG Ltd. opened at ₹1,247.90, up 2.92% from its previous close of ₹1,212.45. The stock reached a high of ₹1,291.05 (6.49%) and a low of ₹1,236.70. By 9:57 AM, it traded at ₹1,290.00, a 6.40% increase, with a market cap of ₹8,022.57 crore.

WABAG Wins $14M Bahrain O&M Deal:

Leading water technology multinational group VA TECH WABAG has secured a $14 million (₹121 crore) contract from BAPCO Refining for a seven-year operation of its Industrial Wastewater Treatment Plant in Bahrain. This strengthens WABAG’s Middle East O&M business portfolio.

The state-of-the-art facility processes 4,400 USGPM of wastewater using advanced Membrane Bioreactor (MBR) technology, ensuring high treatment efficiency and compliance with stringent environmental norms. This contract highlights WABAG’s expertise in industrial wastewater management and its commitment to sustainable water solutions in the region.

WABAG has an established presence in Bahrain, operating the 40 MLD Madinat Salman Sewage Treatment Plant since 2018. This latest order reinforces its leadership in the O&M sector and expands its footprint in the Kingdom’s wastewater management industry.

Recent news on VA TECH WABAG:

As of January 01, 2025, VA TECH WABAG Ltd. secured a ₹145 crore order from Chennai Petroleum Corporation Ltd. for desalination water pipelines between CPCL’s Manali Refinery and Kattupalli plant, set for completion within 12 months.

Ace investor holding in VA TECH WABAG:

Rekha Jhunjhunwala

Rekha Jhunjhunwala holds an 8.04% stake in VA TECH WABAG Ltd., owning 5 million shares valued at ₹642 crore. Her significant investment highlights confidence in the company’s growth and strengthens its position in the water technology sector.

Stock performance of VA TECH WABAG for Period of 1 week, 6 months and 1 year:

VA TECH WABAG Ltd. witnessed a 13.1% decline over the past week and an 8.13% drop in six months. However, the stock delivered an impressive 80% gain over the past year, reflecting strong long-term growth momentum.

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Shareholding pattern of VA TECH WABAG:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	19.10%	19.10%	19.10%
FII	18.90%	14.70%	11.50%
DII	2.00%	3.60%	5.00%
Public	60.00%	62.60%	64.40%

About VA TECH WABAG:

VA Tech Wabag Ltd. (NSE: WABAG) specializes in water treatment solutions, including drinking water, wastewater, desalination, and recycling. With a presence in 25+ countries, it has executed 6,500+ projects, benefiting over 88 million people globally.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.