VA Tech Wabag Bags Repeat Order Worth $105.5 Million From Dangote Group

VA Tech Wabag has won an order worth USD 105.5 million from Dangote Oil Refining company in Nigeria.

This is the 2nd direct order from WABAG from Dangote after the Raw Water Treatment  Plant order form Dangote Fertilisers which is an advanced stage of execution.

Commenting on the significant development, Mr Rajiv Mittal, MD & Group CEO informed in a release that – “the management is very happy to win this contract, a repeat order amidst competition from international players.  ”

 The shares are trading weak slipping over nearly 1% in today’s intraday trade on BSE. The stock has underperformed BSE Small-Cap index and BSE Consumer goods index on a yearly basis

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About Suhani Varma