Shares of VA Tech Wabag Ltd. surged 4%, reaching a day’s high of Rs 1,534.55 on 10th October, after the company announced it had secured ‘large’ repeat orders from Reliance Industries Ltd.

A ‘large’ order related to water treatment systems for the Dahej and Nagothane facilities is valued between Rs 300 crore and Rs 500 crore.

According to the company, WABAG’s strong track record with Reliance Industries, spanning nearly 30 years, combined with a technically superior and competitive bid, secured this repeat order, reinforcing its leadership in the industrial water segment.

S. Natrajan, Head of Sales & Marketing for WABAG’s India Cluster, stated that Reliance Industries has been a key account for nearly three decades, and this repeat order strengthens WABAG’s status as RIL’s preferred supplier.

Natrajan added that this order is a testament to WABAG’s ongoing technological superiority and water treatment and recycling leadership within the oil, gas, and petrochemical sectors.

So far in 2024, VA Tech Wabag’s shares have increased significantly by nearly 139%. The company’s market capitalisation stands at around Rs 9,456 crore.

At 10:32 AM, the shares of VA Tech Wabag were trading 3.58% higher at Rs 1,522 on NSE.

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