Va Tech Wabag secures $75 million order for water plant
pre-market1 source ↓written by the desknot a recommendation
- contract to design
- $30-$75 million
- water treatment plant
- 255 million liters per day
- to ₹1
- 3.2%
- decline
- 16.4%
Va Tech Wabag has won a $30-$75 million contract to design, build, and operate a 255 million liters per day water treatment plant in Kathmandu, Nepal. This project, funded by the Asian Development Bank, aims to enhance water security in the region. Following the announcement, the stock surged 3.2% to ₹1,449.20, despite a 16.4% decline over the past year.
Not investment advice. For informational purposes only.