VA Tech Wabag gets Rs 262cr order; shares gain

Moneycontrol Bureau
Chennai-based VA Tech Wabag , in a joint venture with Pratibha Industries , has won Rs 262 crore worth order from Melamchi Water Supply Development Board in Nepal.
The work comprises construction of water treatment plant at Sundarijal in Nepal. It will have an initial capacity of 85 mld (million litre/day) and will be designed to be expanded to 170 mld and 510 mld at a later stage, VA Tech Wabag said on Tuesday.
This project, which is funded by  Japan International Cooperation Agency, will treat water from the Melamchi River and discharge the treated water through pipelines, it added.
VA Tech Wabag shares were up near 3 percent at Rs 454 on NSE in morning trade. Pratibha was at Rs 32.90, up 0.3 percent.