VA Tech Wabag Secures Large BPCL Order, Shares Climb 2%
Overview
VA Tech Wabag has secured a significant $30-75 million water treatment order from Bharat Petroleum Corporation for its Bina Petchem and Refinery Expansion Project. The project includes comprehensive Water Block facilities, featuring ZLD technology, to be executed over 22 months. This award reinforces WABAG's standing in the oil and gas sector.
Stocks Mentioned
Major Contract Secured
VA Tech Wabag (WABAG), a key player in water technology solutions, has announced a substantial order win valued between $30 million and $75 million from Bharat Petroleum Corporation Limited (BPCL). This significant contract is designated for the Bina Petchem and Refinery Expansion Project situated in Bina, Madhya Pradesh.
Project Scope Details
The order encompasses a comprehensive Water Block Package, which includes a Raw Water Treatment Plant (RWTP), a Reverse Osmosis based Demineralization Plant (RODMP), and a Zero Liquid Discharge Plant (ZLDP). VA Tech Wabag is slated to undertake the entire Engineering, Procurement, and Construction (EPC) responsibilities for these facilities. The project has a stipulated execution timeline of 22 months.
Market Reaction
Following the official announcement of the contract, shares of VA Tech Wabag saw a positive uptick in market trading. The company's stock was trading at ₹1,198.00 on the National Stock Exchange as of Tuesday morning, marking a 2.07 percent increase from its previous closing price. This performance indicates a favorable investor response to the company's enhanced order book and its continued success in securing large-scale projects within the energy sector.
