VA Tech Wabag gains on new order win

VA Tech Wabag advanced 1.24% to Rs 1669 at 10:35 IST on BSE, after the company secured an order worth around Rs 250 crore from Indian Oil Corporation to set up an effluent treatment plant at Paradip Refinery.

The company announced the new order win during trading hours today, 18 November 2010.



Meanwhile, the BSE Sensex was down 224.68 points, or 1.13%, to 19,640.46.

On BSE, 9,210 shares were traded in the counter.

The stock hit a high of Rs 1688 and a low of Rs 1645.50 so far during the day.

The project work includes design, engineering, supply, construction, erection, testing and commissioning of effluent treatment plant (ETP) and recycling system on turnkey basis.

On a consolidated basis, VA Tech Wabag reported a net profit of Rs 44.74 crore on sales of Rs 1223.74 crore for the year ended March 2010.