Introduction:
Water management stock secured a USD 371 million (₹3,251 crore) consortium order for a 200 MLD sewage treatment plant in Riyadh. With a strong Middle East presence, the company continues expanding its role in sustainable water and wastewater infrastructure projects
Share Price movement of Va Tech Wabag:
On February 10, 2025, Va Tech Wabag Ltd opened at ₹1,514.00, the stock hit a high of ₹1,550.00 rising 8% from its previous close of ₹1,366.65 and a low of ₹1,382.65. Currently, it is trading at ₹1,415.50, with a market cap of ₹8,808.34 crore.
Va Tech Wabag Secures USD 371 Million Order:
Va Tech Wabag Limited secured a USD 371 million (₹3,251 crore) consortium order for the Al Haer Independent Sewage Treatment Plant in Riyadh, Saudi Arabia. The EPC consortium, including WABAG and Mutlaq Al-Ghowairi Contracting Company (MGC), will develop the 200 MLD facility, with WABAG leading the design and technology.
Earlier this year, WABAG also secured an EP order for a 20 MLD Industrial Wastewater Treatment Plant at the Ras Tanura Refinery Complex in Saudi Arabia. The repeat order from Miahona Company Consortium highlights WABAG’s strong reputation and four-decade presence in the Middle East.
This new contract further strengthens WABAG’s footprint in Saudi Arabia’s water and wastewater sector, reinforcing its role as a key player in sustainable infrastructure projects. MGC will handle pipeline transmission and reservoir construction, complementing WABAG’s advanced technology expertise.
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Recent news About Va Tech Wabag :
January 29, 2025 – VA Tech Wabag shares surged 6% after securing a ₹121 crore contract to operate a wastewater treatment plant in Bahrain. The stock had been in a downtrend since mid-December 2024 after Saudi Arabia canceled a ₹2,700 crore desalination project.
Ace investor holding of Va Tech Wabag:
Ace investor Rekha Jhunjhunwala holds 5,000,000 shares of Va Tech Wabag Ltd., representing an 8.04% stake. At the current price of ₹1,396, her holding is valued at ₹698 crore, with no change from the previous quarter, indicating continued confidence in the company.
Stock performance of Va Tech Wabag for Period of 1 week, 6 months and 1 year:
Va Tech Wabag’s stock gained 4.64% in the past week, reflecting short-term momentum. Over six months, the stock rose 5.16%, indicating steady mid-term growth. In the last year, it delivered an impressive 99.3% return, showcasing strong long-term performance and investor confidence.
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Shareholding pattern of Va Tech Wabag:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 19.13 | 19.13 | 19.13 |
| FII | 18.86 | 14.68 | 11.52 |
| DII | 2.01 | 3.59 | 4.99 |
| Retail & others | 60 | 62.59 | 64.35 |
About Va Tech Wabag:
Va Tech Wabag is a leading water treatment company specializing in sustainable solutions for water and wastewater management. With a strong global presence, it focuses on desalination, industrial water recycling, and sewage treatment, catering to municipal and industrial clients worldwide for clean water solutions.
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.
