India's VA Tech Wabag slumps after cancellation of 27 bln-rupee order

VA TECH WABAG

18/12/2024 04:25

** Shares of VA Tech Wabag  VATE.NS  fall 17.2% to 1,561
rupees
    ** Desalination and water treatment co said order for mega
sea water desalination plant in Saudi Arabia has been cancelled
    ** Order was worth 27 bln rupees ($317 mln) 
    ** Trading vols at 1.6 mln, 4.7x 30-day average
    ** Day's fall trims YTD gains to ~149%

($1 = 84.9200 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))