VA Tech Wabag share price jumped 9% on Wednesday, 9 September, after investors reacted positively to the company’s latest order win from Reliance Industries. The water treatment company has secured a ‘Medium’ contract from RIL for an Effluent Treatment Plant at its Dhirubhai Ambani Green Energy Giga Complex in Jamnagar.
The ETP is scheduled to be completed within 13 months. The plant will incorporate advanced chemical and biological treatment technologies, along with a sludge treatment system using low-temperature drying for efficient sludge management.
For domestic orders, the company classifies orders worth ₹100 crore to ₹250 crore as ‘Medium’, while orders of ₹250 crore to ₹600 crore are classified as ‘Large’. Orders above ₹600 crore fall under the ‘Major’ or ‘Mega’ categories, depending on their value.
For international orders, the corresponding ‘Medium’ classification applies to contracts valued between $10 million and $30 million.
VA Tech Wabag remains part of Rekha Jhunjhunwala’s portfolio, with the veteran investor maintaining her stake in the water treatment company through the June quarter of FY27.