Rekha Jhunjhunwala-backed Multibagger Water Treatment Company Ranked 3rd Among World’s Top 50 Private Water Operators
The company’s shares have delivered an impressive multibagger return of over 400 per cent in just 2 years.
Va Tech Wabag Ltd a leading global water technology company, has been ranked 3rd globally in the “World’s Top 50 Private Water Operators” by Global Water Intelligence (GWI), London. This marks the second consecutive term that WABAG has maintained its position among the top three, reflecting its dedication to providing safe, clean drinking water and sanitation to over 95.93 million people worldwide.
The biennial “World’s Top 50 Private Water Operators” list, published by GWI, is a prestigious recognition in the water sector, highlighting excellence in water management. WABAG's ranking underscores its commitment to sustainable water solutions and innovation in water and wastewater treatment.
Mr. Rajiv Mittal, Chairman & Managing Director of VA TECH WABAG LIMITED, expressed his pride in the achievement, stating: "It is an extremely proud moment for all of us at WABAG to be ranked among the Top 3 water companies globally for the second consecutive term. Our unwavering commitment to water sustainability drives us to continuously innovate and implement advanced technologies in water and wastewater treatment across the world. This remarkable recognition underscores our unwavering commitment to delivering world-class water infrastructure and ensuring their efficient operation and maintenance. A heartfelt thank you to our esteemed customers, trusted partners, valued stakeholders, and dedicated employees for your continuous trust and support."
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Aligned with the United Nations Sustainable Development Goal 6 (SDG-6), WABAG aims to ensure clean water and sanitation for all by 2030. The company’s eco-friendly solutions also adhere to the ESG (Environment, Social, Governance) Sustainability Index, solidifying its leadership in sustainable water management.
With a legacy of over 100 years and operations in more than 25 countries, WABAG continues to lead the water sector with innovative, sustainable solutions. Additionally, the company has been promoted to Global No. 3 among Desalination Plant Suppliers, further enhancing its global stature.
Today, the shares of Va Tech Wabag Ltd closed at around Rs 1,571 per share on the BSE. The company’s current market capitalization stands at Rs 9,761 crore. Additionally, the shares have delivered an impressive multibagger return of over 160 per cent in the past 1 year.
Rekha Jhunjhunwala owns around 8.04 per cent stake in the company as per Q1 FY25.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.