VA Tech Wabag, the company backed by Rekha Jhunjhunwala won a ‘large' order from Reliance Industries. 

What Happened: VA Tech Wabag said it secured ‘large' repeat orders from Reliance Industries for the water treatment system for Dahej and Nagothane facilities. A ‘large' order means an order in the range of ₹300 crore to ₹500 crore, the company said in the regulatory filing.

S Natrajan, Head-Sales and Marketing, India Cluster said "Reliance Industries has been a key account of WABAG for almost three decades. This repeat order reinforces WABAG's position as the most preferred supplier with Reliance Industries. We thank Reliance Industries for the continued trust and confidence reposed in WABAG. This order win is a testimony to WABAG's continued technological superiority and leadership in Water treatment and Recycle for the Oil, Gas and Petrochemical Sector"

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As of June 30, 2024, Rekha Jhunjhunwala held 8.04% of stake in VA Tech Wabag. 

The company in its June quarter reported a 13% year on year revenue growth to ₹626.50 crore. Its net profit gained 10% year on year to ₹55 crore. 

The company hasn't announced the date for Q2 results. 

Price Action: Shares of VA Tech Wabag rose 3.20% to ₹1,516.30 on Thursday morning. 

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