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Wabag-Heisco secures $372m desalination plant contract

after close1 source ↓written by the desknot a recommendation

contract
$372m
of potable water
60 million imperial gallons

A joint venture between VA Tech Wabag and Heavy Engineering Industries & Shipbuilding Company has won a KD114.3m (approximately $372m) contract for a seawater reverse osmosis desalination plant in Kuwait. This project, awarded by the Ministry of Electricity, Water and Renewable Energy, aims to produce 60 million imperial gallons of potable water daily, bolstering national water security. 🌊

The facility will integrate solar power systems to partially meet energy needs, enhancing sustainability in operations. This contract may positively impact investor sentiment in the utilities sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Jun 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

WABAG closed +0.6% on the day of the news, from ₹2,099.10 to ₹2,110.80; Nifty +0.1% over the same session.

Bulletin at 16:05 IST on 24 Jun 2026. Every change is measured from ₹2,099.10, the last close before it, on 24 Jun. Nifty 50 is measured over the same sessions.

  • WABAG close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
WABAG closes around the bulletin against the close before the news, with Nifty 50 rebased to it171520992483axis spans 45%before the news · 24 Jun2099Nifty 50WABAGbulletinD0+1+3+518 Jun1 Jul10 JulReference close ₹2,099.10. 16 sessions from 18 Jun to 10 Jul; the price axis spans 45 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Jun₹2,099.10basebase
On the day25 Jun₹2,110.80▲ +0.6%▲ +0.1%+0.4 pp difference
+1 session29 Jun₹1,998.10▼ −4.8%▼ −0.3%−4.5 pp difference
+3 sessions1 Jul₹2,082.80▼ −0.8%▼ −0.1%−0.7 pp difference
+5 sessions3 Jul₹2,080.90▼ −0.9%▲ +1.0%−1.9 pp difference
Gap at the open, % · ₹
▲ +0.3%+5.88 on 25 Jun
Day's range, % · ₹
4.8%≈ 100 high to low
Volume on the day
1.16×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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