VA Tech Wabag wins RIL order for Jamnagar desalination plant
In short
VA Tech Wabag won an order worth over ₹1,000 crore from Reliance Industries Ltd for a desalination and remineralisation plant in Jamnagar, Gujarat. A regulatory filing was cited, and the stock jumped 8% after an eight-day losing streak.
The deal matters because it adds a large project win for the company and lifted investor sentiment. The reporting does not say when the plant will be built or how much profit the order may bring.
What the reporting says
VA Tech Wabag secured an order worth over ₹1,000 crore from Reliance Industries Ltd for a desalination and remineralisation plant in Jamnagar, Gujarat, according to a regulatory filing cited by CNBC TV18. The report says the contract helped the stock snap an eight-day losing streak and jump 8%. The filing does not state timing, project completion details or broader financial impact.
Why it matters
VA Tech Wabag secured a more than ₹1,000 crore order from Reliance Industries Ltd to build a desalination and remineralisation plant in Jamnagar, Gujarat, based on a regulatory filing cited by CNBC TV18. The market reaction was immediate, with the shares jumping 8% after an eight-day losing streak. The reporting does not give delivery timing, contract margin details or execution risks.