India's VA Tech Wabag briefly touches two-month high on securing 'large' order

VA TECH WABAG

20/11/2025 05:43

** Water technology company VA Tech Wabag's VATE.NS shares rise as much as 3.25% to a two-month high of 1449.2 rupees apiece; stock last up 1.5%

** VATE secures a large repeat order from Nepal's Melamchi Water Supply Development Board to design, build and operate the Sundarijal Water Treatment Plant in Kathmandu Valley, funded by Asian Development Bank

** VATE classifies the order 'large', meaning it is valued between $30 million and $75 million

** "Large order further consolidates VATE's strategic  presence in Nepal and reinforces our position as an industry leader across South Asia," says Arvind Dullu, regional business head of South and Southeast Asia at VATE

** VATE shares down 14.6% in 2025 so far, compared to 6.1% drop in the Nifty Microcap 250 index .NIFTYMICROCAP250, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))