India's VA Tech Wabag rises on orders from Reliance Industries

VA TECH WABAG

10/10/2024 05:06

** Shares of water treatment services provider VA Tech Wabag
 VATE.NS  rise 3.6% to 1,521.45 rupees
    ** Co gets repeat orders worth between 3 to 5 billion rupees
($35.7-$59.6 mln) from Reliance Industries  RELI.NS  
    ** Orders towards water treatment system for Dahej and
Nagothane facilities
    ** Stock has more than doubled so far this year, set for
fifth straight year of gains
    ** Year to date, peer Engineers India  ENGI.NS  is up 18%

($1 = 83.9430 Indian rupees)

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