India's VA Tech Wabag rises on 10 bln rupee order for desalination plant

VA TECH WABAG

15/10/2024 05:31

** Shares of water treatment services provider VA Tech Wabag
 VATE.NS  rise as much as 4.3% to 1,744.20 rupees, hitting a
record high
    ** Co gets order worth 10 billion rupees (about $119
million) for a sea water desalination plant from Indosol Solar 
    ** VATE on track for fifth straight session of rise, if
gains hold; last up 2.5%
    ** Stock has more than doubled so far this year
    ** Peer Engineers India  ENGI.NS  has risen 15% year to date

($1 = 84.0700 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))