Introduction:
Leading water management company has secured a €78 million (₹700 Crore) contract to design, build, and operate wastewater treatment plants in Zambia. The project, funded by EIB and KfW, emphasizes sustainability through green energy integration.
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Share price movement of VA TECH WABAG:
On December 27, 2024, VA TECH WABAG opened at ₹1,649.85, up 4.14% from its previous close of ₹1,584.20. The stock reached a high of ₹1,690.00 (6.68%) and a low of ₹1,626.05. By 9:38 AM, it traded at ₹1,677.05, a 5.86% increase, with a market cap of ₹10,429.65 crore.
WABAG Secures €78 Million Wastewater Project in Zambia:
VA TECH WABAG, a leading Indian multinational in water technology, has won a €78 million (approx. ₹700 Crore) Design, Build, and Operate (DBO) order from Lusaka Water Supply and Sanitation Company. The project is funded by the European Investment Bank and Germany’s KfW.
The contract involves constructing two advanced wastewater treatment plants in Ngwerere (54 MLD) and Chunga (19 MLD), Zambia. Scheduled for completion in 36 months, the plants will utilize green energy sources like biogas and solar for sustainability.
Marking WABAG’s entry into Zambia, the project highlights its growing African presence. Known for delivering innovative water solutions, WABAG’s competitive bid and expertise secured this milestone, reinforcing its leadership in the continent’s water infrastructure development.
Recent news on VA TECH WABAG:
As of December 18, 2024, VA Tech Wabag announced the cancellation of its ₹2,700 crore EPCC order for a 300 MLD seawater desalination plant in Yanbu, Saudi Arabia, citing internal administrative procedures as the reason.
Ace investor holding in VA TECH WABAG:
Rekha Jhunjhunwala holds an 8.04% stake in VA TECH WABAG LTD, owning 5 million shares valued at ₹821.3 crore. Her significant investment highlights strong confidence in the company’s growth and sustainable water management initiatives.
Stock performance of VA TECH WABAG for Period of 1 week, 6 months and 1 year:
VA TECH WABAG LTD recorded a 1-week dip of 2.18%, followed by a strong 6-month return of 23.8%, and an exceptional 1-year gain of 147%, showcasing its impressive long-term performance and growth trajectory.
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Shareholding pattern of VA TECH WABAG:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 19.10% | 19.10% | 19.10% |
| FII | 14.70% | 11.50% | 12.50% |
| DII | 3.60% | 5.00% | 5.60% |
| Public | 62.60% | 64.40% | 62.80% |
About VA TECH WABAG:
VA TECH WABAG LTD (NSE: WABAG) is a global leader in water technology, providing innovative and sustainable solutions across 25+ countries, with expertise in designing 1,500+ treatment plants, aligning with UNSDGs and ESG principles.
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.
