Rs 15,777 crore order book & Jhunjhunwala’s hold 8.04% stake: Company bags order worth Rs 46.50 crore from RenewSys India Pvt Ltd
DSIJ Intelligence-1 / 21 Aug 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 530 per cent in just 3 years whereas the BSE Small-Cap Index is up by 80 per cent.
VA Tech Wabag (WABAG), an Indian multinational water technology group, has secured a significant domestic order valued at Rs 46.50 crore from RenewSys India Private Limited. This contract is for providing advanced water management solutions for RenewSys's new 2 GW solar cell manufacturing facility in Hyderabad, Telangana. The comprehensive scope of work includes the design, engineering, manufacturing, supply, installation and commissioning of an Ultrapure Water (UPW) system, an Effluent Treatment Plant (ETP) and a Zero Liquid Discharge (ZLD) system. The project is expected to be completed within 11 months.
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This order is strategically important for WABAG, as it strengthens the company's presence in the growing solar manufacturing sector and highlights its expertise across UPW, ETP and ZLD solutions. The successful execution of this project is anticipated to position WABAG favorably for future opportunities in high-growth industrial applications, including Solar, Green Hydrogen and Semiconductor industries.
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About the Company
VA Tech Wabag Limited is a leading global water technology company with over a century of experience, providing innovative and sustainable solutions for municipal and industrial clients worldwide. As a Pure-Play Indian multinational, WABAG offers end-to-end water solutions, from design and engineering to long-term operations. With a global presence, a strong focus on R&D and a commitment to sustainability, WABAG is shaping a future where water challenges are transformed into opportunities for a better world.
A renowned investor, Rekha Jhunjhunwala (wife of Late Rakesh Jhunjhunwala), held an 8.04 per cent stake in the company. The company has a market cap of over Rs 10,000 crore while the company has an order book of Rs 15,777 crore. The shares of the company have a PE of 33x while the industry PE is 27x. The stock gave multibagger returns of 530 per cent in just 3 years whereas the BSE Small-Cap Index is up by 80 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.