India's VA Tech Wabag rises on 'mega' order win

VA TECH WABAG

12/03/2026 05:20

** Shares of VA Tech Wabag VATE.NS up 0.8% after earlier rising as much as 2.7% to 1,285.9 rupees

** Water tech firm bags order for a 45 mln litres/day tertiary treatment reverse osmosis plant in South Indian city of Chennai

** VATE classified the order as 'mega', meaning it is valued more than 10 bln rupees ($108.3 mln)

** Stock set to rise for third straight session

 ** VATE up 3% for the week, on track to snap three straight weeks of losses

** Avg rating of five analysts is "strong buy", median PT is 1,840 rupees - data compiled by LSEG

** YTD, VATE down about 3%

($1 = 92.3630 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))