India's VA Tech Wabag rises on order win

VA TECH WABAG

16/03/2026 04:02

** Shares of VA Tech Wabag VATE.NS up 1.7% at 1,246.60 rupees

** Water tech firm secures Letter of Award from the Chennai Metropolitan Water Supply and Sewerage Board to develop a looped transmission network

** Project to be completed within 54 months, followed by 10 years of operation and maintenance

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

** YTD, VATE down about 4.8%

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))