Shares of Va Tech Wabag gained over 6 percent intraday Tuesday as it has bagged order worth Rs 594 crore.



The company in consortium with IDE Technologies has won Rs 594 crore contract from Chennai Metropolitan Water Supply and Sewage Board (CMWSSB), Chennai, India for construction and operation & maintenance of a 45 MLD Tertiary treatment plant at Koyambedu, Chennai.



The consortium will be responsible for the execution of the complete plant and transmission pipeline where Wabag would act as a leader. S Natrajan, Head of Sales of Wabag said, "With this water reuse order, Wabag has once again reinforced its global leadership position in the water reuse and recycle sector." At 09:46 hrs Va Tech Wabag was quoting at Rs 463.70, up Rs 23.15, or 5.25 percent on the BSE.

here is company details.

 

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