WABAG wins RIL water treatment order worth over Rs 1,000 crore
WABAG · price
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On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 4.0 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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WABAG secured a domestic order from Reliance Industries to design, supply, install and commission an 8,400 cubic metre per hour desalination plant at Jamnagar, expandable to 12,600 cubic metres per hour, plus a 3,000 cubic metre per hour remineralisation plant. The order value is above Rs 1,000 crore and will be executed in phases over 25 months.
Positive for WABAG's order book and future revenue visibility. The phased 25-month delivery schedule creates execution, cost and commissioning risk.