Vatech Wabag clarified that contrary to rumors, they have yet to secure a 600-crore Sewage Treatment Plant (STP) project in Saudi Arabia.

JM Financial suggests investing in Va Tech Wabag, currently trading at ₹1440.85, recommending a 'Buy' position for potential growth.

VA Tech Wabag receives a 'Buy' recommendation from JM Financial with a target price of ₹1,755, currently trading at ₹1,440.85. The company's robust order backlog of ₹15,100 crores and projected 17% PAT CAGR through FY25-FY28 underscores its growth potential.

VA Tech Wabag has secured the lowest bidder position for a 600 crore INR sewage project in Saudi Arabia. Additionally, they are leading a 3400 crore INR joint venture project in Kuwait. Their order book now stands at 16300 crores for Q3.

VA Tech Wabag and PEAK Sustainability Ventures have established a joint venture named Ghaziabad Bioenergy, with equal shares. The partnership is bound by a three-year agreement to maintain their stakes in the venture.