Rs 14,263.4 crore order book: Jhunjhunwala’s portfolio company bags new orders worth Rs 380 crore from GAIL & IOCL
The stock gave multibagger returns of 105 per cent in just 1 year whereas the BSE Small-Cap Index is up by 9 per cent.
VA Tech Wabag Limited (WABAG) has significantly bolstered its industrial water treatment portfolio by securing substantial orders from major Indian corporations. Notably, they have been awarded a Design, Build, Operate (DBO) contract worth approximately Rs 340 crore from GAIL (India) Limited for their petrochemical complex in Pata, Uttar Pradesh. This project encompasses the construction of a comprehensive effluent recycle and Zero Liquid Discharge (ZLD) plant, with the recovered water intended for cooling tower makeup. The EPC phase is slated for completion within 24 months, followed by a 6-month operation and maintenance period, with Projects and Development India Limited (PDIL) acting as the Engineer-In-Charge.
Furthermore, WABAG has secured a repeat Operations & Maintenance (O&M) order from Indian Oil Corporation Limited (IOCL) valued at approximately Rs 20 crore. This order pertains to the continued O&M of the Tertiary Treatment Reverse Osmosis (TTRO) Plant at IOCL's Panipat Refinery in Haryana for an additional three years. Having originally designed, constructed, and commissioned this plant nearly two decades ago, WABAG's continued involvement underscores its expertise and longstanding relationship with IOCL, marking this TTRO plant as the first industrial water recycle plant in India's oil and gas sector.
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About the Company
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.
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 8,000 crore while the company has an order book of Rs 14,263.4 crore. The shares of the company have a PE of 30x while the industry PE is 29x. The stock gave multibagger returns of 105 per cent in just 1 year whereas the BSE Small-Cap Index is up by 9 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.