Rs 15,777 crore order book & Jhunjhunwala’s hold 8.04% stake: Company secures repeat order of Rs 118 crore from the Kingdom of Bahrain
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 225 per cent in just 2 year whereas the BSE Small-Cap Index is up by 55 per cent.
VA TECH WABAG has secured a repeat order from the Ministry of Works, Municipalities Affairs and Urban Planning in Bahrain for the Operation & Maintenance (O&M) of the 40 MLD Madinat Salman Sewage Treatment Plant (STP) and Long Sea Outfall. This contract, valued at approximately 5.12 Million Bahraini Dinars (around Rs 118 crore), will span five years. WABAG previously handled the Engineering, Procurement, and Construction (EPC) of this facility, completing it in 2018 after being awarded the project in October 2015 by the Ministry of Housing. Since November 1, 2018, WABAG has been continuously operating and maintaining the plant.
The Madinat Salman STP is equipped with advanced tertiary and sludge treatment capabilities, utilising aerobic digestion and thermal drying. A notable feature is the automatic bagging plant, which packages EPA Class A Sludge from the dryers for commercial sale. The treated water from this facility is crucial for the region, as it is reused to fulfil the entire irrigation water demands of 13 islands, highlighting the project's significant environmental and economic benefits.
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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 225 per cent in just 2 year whereas the BSE Small-Cap Index is up by 55 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.