Va Tech Wabag Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Net profit of Va Tech Wabag rose 17.28% to Rs 70.60 crore in the quarter ended September 2024 as against Rs 60.20 crore during the previous quarter ended September 2023. Sales rose 5.31% to Rs 700.30 crore in the quarter ended September 2024 as against Rs 665.00 crore during the previous quarter ended September 2023.

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Va Tech Wabag will hold a meeting of the Board of Directors of the Company on 7 November 2024

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This order includes the engineering procurement (EP) scope of design, engineering, supply, installation, testing and commissioning of the 100 MLD desalination plant which will be executed over a 38-month period, followed by a 15 years operation and maintenance (O&M) contract.

This plant will be built with the desalination technologies, designed for superior energy efficiency and production of water to meet the requirements of the 10 GW integrated solar PV manufacturing unit of Indosol Solar in Andhra Pradesh.

Saravanan Krishnan, head desalination of India Cluster said, “This mega order marks WABAG’s entry into the Solar PV sector which is a key segment for the future. WABAG’s technological expertise, proven track record and competitive pricing enabled us offer lowest life-cycle cost of water for Indosol Solar.”

VA TECH WABAG is a pure-play water technology company. It offers a complete range of technologies and services for total water solutions in both municipal and industrial sectors.

The company’s consolidated net profit increased 10% to Rs 55 crore on 13.3% rise in revenue from operations to Rs 626.50 crore in Q1 FY25 over Q1 FY24.

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Va Tech Wabag has received an order worth Rs 1,000 crore from Indosol Solar. With this order win, the company embarks on its journey to provide water security for the solar PV sector.

This order includes the engineering procurement (EP) scope of design, engineering, supply, installation, testing and commissioning of the 100 MLD desalination plant which will be executed over a 38-month period, followed by a 15 years operation and maintenance (O&M) contract. This plant will be built with the state-of-the-art desalination technologies, designed for superior energy efficiency and production of water to meet the requirements of the 10 GW integrated Solar PV manufacturing unit of Indosol Solar in Andhra Pradesh.

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