Rekha Jhunjhunwala-backed Multibagger Company Secures Order Worth Rs 145 Crore from Chennai Petroleum Corporation Limited

The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Small-Cap Index is up by 30 per cent.

VA Tech Wabag Limited (WABAG), a leading pure-play water technology Indian Multinational Group, secured an order worth Rs 145 crore from Chennai Petroleum Corporation Limited (CPCL) towards Design, Engineering, Supply, Fabrication, Installation and commissioning of Desalination Water pipelines between the CPCL Manali Refinery & CPCL Desalination plant at Kattupalli. The project is to be completed over a span of 12 months. WABAG’s technically superior & competitive bid ensured this 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, “CPCL has been a Key Customer of Wabag and we are happy to be chosen to deliver this project. We thank CPCL for their continued trust and confidence reposed in WABAG.”

VA Tech Wabag Limited is a leading global water technology company with over a century of experience, providing innovative and sustainable solutions for municipal and industrial clients worldwide. As a Pure-Play Indian multinational, WABAG offers end-to-end water solutions, from design and engineering to long-term operations. With a global presence, a strong focus on R&D, and a commitment to sustainability, WABAG is shaping a future where water challenges are transformed into opportunities for a better world.

Today, shares of Va Tech Wabag Ltd gained 1.90 per cent to Rs 1,674.35 per share with an intraday high of Rs 1,690 and an intraday low of Rs 1,642.20. The stock’s 52-week high is Rs 1,943.95 and its 52-week low is Rs 595.90. A renowned investor, Rekha Jhunjhunwala (wife of Late Rakesh Jhunjhunwala), held an 8.04 per cent stake in the company.

The company has a market cap of over Rs 10,000 crore while the company has an order book of Rs 14,600 crore. The shares of the company have a PE of 14x while the industry PE is 37x. The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Small-Cap Index is up by 30 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.