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WABAG — VA TECH WABAG News Story

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India's VA Tech Wabag gains most in 7 weeks after consortium wins UAE order

BUZZ-India's VA Tech Wabag gains most in 7 weeks after consortium wins UAE order

** Shares of VA Tech Wabag VATE.NS rise 3.8% to 1,603.3 rupees, their biggest intraday pct-gain in 7 weeks

** Water management co's consortium wins order worth between $30-75 mln from Ajman Sewerage Co for construction of 60 million litres per day sewage treatment plant in UAE

** Order, which is to be executed over 24-month period, marks co's foray into UAE

** Stock rated "strong buy" on avg; median PT 1,917.50 rupees - data compiled by LSEG

** Stock up 20.8% YTD


(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

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