Water management stock jumps 5% after securing ₹2,332 Cr sea water desalination plant project in Kingdom of Saudi ArabiaWater management stock jumps 5% after securing ₹2,332 Cr sea water desalination plant project in Kingdom of Saudi Arabia

Introduction:

Leading water management company has secured a ₹2,332 crore contract to develop a 300 MLD sea water desalination plant in Yanbu, Saudi Arabia, following a Letter of Award from the Saudi Water Authority.

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Share price movement of VA Tech WABAG:

On July 24, 2025, VA Tech Wabag Ltd opened at ₹1,635.50, up 2.71% from its previous close of ₹1,592.35. The stock hit a high of ₹1,670.50 and a low of ₹1,610.75. By 9:57 AM, it was trading at ₹1,613.85, a 1.35% increase, with a market cap of ₹10,021.39 crore.

WABAG Wins ₹2,332 Cr Desalination Project in Saudi Arabia:

VA Tech WABAG has received a Letter of Award from the Saudi Water Authority for a ₹2,332 crore Sea Water Reverse Osmosis (SWRO) desalination plant project at Yanbu, Saudi Arabia.

The project involves designing, engineering, supplying, constructing, and commissioning a 300 Million Litres per Day (MLD) desalination facility. It will be developed on a greenfield site along the west coast of Saudi Arabia by the Indian multinational water technology company.

Valued at around USD 272 million (SAR 1,019 million), the contract marks a major overseas order for WABAG. Contracting formalities will follow, with execution commencement date to be announced post signing.

Recent news on VA Tech WABAG:

As of February 10, 2025, VA Tech Wabag Ltd announced a ₹3,251 crore EPC order win for a 200 MLD sewage treatment plant under the Al Haer ISTP project in Riyadh, Saudi Arabia.

Ace investor holding in VA Tech WABAG:

Rekha Jhunjhunwala

Rekha Jhunjhunwala holds an 8.04% stake in Va Tech Wabag Ltd, comprising 5,000,000 shares valued at approximately ₹808 crore, reflecting her significant investment in the water treatment technology company.

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

VA Tech Wabag Ltd delivered a 6.3% return over the past week, gained 19.6% in the past six months. The stock rose 19.1% over the past year.

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Shareholding pattern of VA Tech WABAG:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	19.10%	19.10%	19.10%
FII	18.70%	18.60%	18.90%
DII	3.70%	3.00%	2.00%
Public	58.50%	59.30%	60.00%

About VA Tech WABAG:

Va Tech Wabag Ltd (NSE: WABAG) specializes in water treatment solutions, including design, supply, construction, and operation of drinking water, wastewater, industrial water, and desalination plants across global markets.

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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.