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What is the story about?
Shares of VA Tech Wabag Ltd. shares gained nearly 6% on Wednesday, July 1, after the company won a "large" order with regards to the expansion of the Donauinsel Water Works in Vienna, Austria.
The company classifies international contracts in the $30 million to $75 million range as "large."
VA Tech Wabag said it will be responsible for the complete technology package of the new water works, covering process engineering, electrical engineering, instrumentation and control, and building services.
The facility will be equipped with modern multi-barrier treatment process including oxidation, ozonation, advanced oxidation, filtration, activated carbon filtration and UV disinfection, it added.
The project is part of the City of Vienna's 'Wiener Wasser 2050' strategy, the company said. It has a design capacity of 1,000 litre per second, equivalent to approximately 86 MLD, the company said in its filing.
The expansion of the Donauinsel Water Works will strengthen the resilience of Vienna's drinking water system by adding a controllable groundwater-based supply pillar with the city's renowned alpine spring water supply.
The plant will treat groundwater from protected well fields and feed high-quality drinking water into Vienna's water supply system.
"The expansion of the Donaunisel Water Works is a landmark project for Vienna's long-term drinking water supply and a strong validation for the company's technology technological expertise," Mahmut Gedek, the CEO-Europe Cluster of VA Tech Wabag, said.
In an interaction with CNBC-TV18 on May 22, Rajiv Mittal, the Chairman & MD of VA Tech Wabag, that the West Asia project execution for the company remains intact.
He also expressed optimism that the execution in financial year 2027 could surpass the 20% guidance, while maintaining its medium-term revenue guidance to be between 15% to 20%, and its EBITDA to be between 13% and 15%.
Shares of VA Tech Wabag were up 5.8% at ₹2,126 apiece at 9.20 am on Wednesday. The stock has risen 36.6% in the past month and 617% this year, so far.
Also Read: Seven stocks that will react to order wins, project launches and more; Details here
The company classifies international contracts in the $30 million to $75 million range as "large."
VA Tech Wabag said it will be responsible for the complete technology package of the new water works, covering process engineering, electrical engineering, instrumentation and control, and building services.
The facility will be equipped with modern multi-barrier treatment process including oxidation, ozonation, advanced oxidation, filtration, activated carbon filtration and UV disinfection, it added.
The project is part of the City of Vienna's 'Wiener Wasser 2050' strategy, the company said. It has a design capacity of 1,000 litre per second, equivalent to approximately 86 MLD, the company said in its filing.
The expansion of the Donauinsel Water Works will strengthen the resilience of Vienna's drinking water system by adding a controllable groundwater-based supply pillar with the city's renowned alpine spring water supply.
The plant will treat groundwater from protected well fields and feed high-quality drinking water into Vienna's water supply system.
"The expansion of the Donaunisel Water Works is a landmark project for Vienna's long-term drinking water supply and a strong validation for the company's technology technological expertise," Mahmut Gedek, the CEO-Europe Cluster of VA Tech Wabag, said.
In an interaction with CNBC-TV18 on May 22, Rajiv Mittal, the Chairman & MD of VA Tech Wabag, that the West Asia project execution for the company remains intact.
He also expressed optimism that the execution in financial year 2027 could surpass the 20% guidance, while maintaining its medium-term revenue guidance to be between 15% to 20%, and its EBITDA to be between 13% and 15%.
Shares of VA Tech Wabag were up 5.8% at ₹2,126 apiece at 9.20 am on Wednesday. The stock has risen 36.6% in the past month and 617% this year, so far.
Also Read: Seven stocks that will react to order wins, project launches and more; Details here
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