support@headlinenews360.com
VA TECH WABAG Share Price: The stock of Va Tech Wabag, a company working in the field of technology related to water cleaning, is expected to raise strongly. The company has received an order of $ 37.1 million (about Rs 3,251 crore) from the company in Riyadh, Saudi Arabia. In the previous closing session, the stock of VA Tech Wabag was down 0.54 per cent to close at Rs 1385.
VA Tech Wabag stated in the regulatory filing that this order is for engineering, procurement and construction (EPC) of 20 million liters of water ‘Independent Sewage Treatment Plant’ (ISTP). This ISTP is being developed by a union of Miahona Company (Lead), Marafik and NV Basics SA for Saudi Water Partnership Company (SWPC). In the same year, WABAG has obtained an order of engineering and purchase for 20 million liters of industrial waste water treatment plant at Ras Tanura Refinery Complex in Saudi Arabia. Miahona Company is a project developer here.
It is part of the ISTP Saudi regime’s ‘Vision 2030’, aimed at providing reliable sewage treatment services and improving the quality of life of residents in the country. The company’s regional head (sales and marketing) Shivkumar V said that this order is an important achievement for us in Saudi Arabia.
In December 2024, there was bad news for the stock of VA Tech Wabag when Saudi Arabia canceled the order of Rs 2700 crore to the company. After this, there was a strong decline in the shares of Va Tech Wabag.
Va tech wabag gave multibagger returns
Va tech wabag is a multibagger stock that has given strong returns to its investors. The stock has doubled in one year, while in two years, 321 percent, 340 percent in 3 years and in 5 years the stock has given 536 percent returns. On 7 April 2020, VA Tech Wabag’s share was trading at Rs 73, which reached Rs 1944 on 9 December 2024 after giving multibagger returns.
Disclaimer: (Here the information provided is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult experts before investing as an investor. There is never advice to invest money here.)
Also read:
