WABAG secures 'large' repeat orders from Reliance Industries Limited

VA TECH WABAG ('WABAG'), a leading pure-play water technology Indian Multinational Group, secured large repeat orders from Reliance Industries Limited ('RIL') towards Water Treatment System for Dahej and Nagothane facilities. WABAG's excellent track-record with RIL for almost 3 decades and a technically superior & competitive bid ensured this repeat order win, reinforcing WABAG's leadership in the Industrial water segment.

Commenting on this order win, Mr. S Natrajan, Head-Sales & Marketing, India Cluster said, "RIL has been a Key Account of WABAG for almost three decades. This repeat order reinforces WABAG's position as the most preferred supplier with RIL. We thank RIL for the continued trust and confidence reposed in WABAG. This order win is a testimony to WABAG's continued technological superiority and leadership in Water treatment and Recycle for the Oil, Gas and Petrochemical Sector".

'Large' order shall mean an order value in the range of Rs. 300 to Rs. 500 Crores.

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 1543.25 as compared to the previous close of Rs. 1469.25. The total number of shares traded during the day was 21717 in over 1838 trades.

The stock hit an intraday high of Rs. 1567.50 and intraday low of 1498.65. The net turnover during the day was Rs. 33400536.00.

Source : Equity Bulls

Keywords

VATechWabag INE956G01038 OrderWin RelianceIndustries WaterTreatmentSystem Dahej Nagothane