VA TECH WABAG Share Price: Good news has come for the stock of Va Tech Wabag, a company working in the field of water purification technology. The company said that it has received an order of Rs 700 crore for waste water treatment plants from Lusaka Wire Supply and Sanitation Company in Zambia. Due to this news, the stock of Va Tech Wabag has opened with a jump of 4 percent at Rs 1648. Last week, the company suffered a major setback when Saudi Arabia canceled the order of Rs 2700 crore given to the company. 

Va Tech Wabag gets a tonic worth Rs 700 crore!

Va Tech Wabag said in a regulatory filing with the stock exchanges that the company has received an order of 78 million euros i.e. Rs 700 crore from Lusaka Water Supply and Sanitation Company, which is being funded by the European Investment Bank and Germany's KfW. Under this project, VA TECH WABAG will execute the engineering, procurement and construction (EPC) of two advanced wastewater treatment plants. It has to be completed in 36 months and after that operation and maintenance will have to be looked after for 24 months. Wabag has got this project in Zambia due to successfully completing world-class water and wastewater treatment projects.   

Bad news came for the company last week

Actually last week, bad news came for the stock of Va Tech Wabag when Saudi Arabia canceled an order of Rs 2700 crore given to the company. After this, there was a sharp decline in the shares of Va Tech Wabag and the stock fell by about 20 percent and the stock slipped down to around Rs 1522. 

Va Tech Wabag gave 2500 percent return 

By the way, let us tell you that Va Tech Wabag is a multibagger stock which has given tremendous returns to its investors. In the year 2024 itself, the stock has given a return of 151 percent. Whereas in two years, the stock has given a return of 380 percent, in 3 years 400 percent and in 5 years the stock has given a return of 840 percent. On 7 April 2020, the stock of Va Tech Wabag was trading at Rs 73, which after giving multibagger returns, reached Rs 1944 on 9 December 2024. That is, after this period the stock has given a return of more than 2500 percent.