VA TECH WABAG LTD - UPDATE

 This stock recommended @ Rs.539 ( Link HERE)  hits its life time high ( adjusted to stock split)  today@ Rs.1075. STill recommending to HOLD the stock for long term.

STOCK FOR 2013

 

Be it drinking water,drip irrigation,power generation ,sewage treatment  - Water – offers lot of business opportunities ..Scarcity of quality water  is expected to become a reality around the world in another few years.Even we know the potential is very huge ,as Investors in Indian stock market we have only limited options from the  listed space. VA Tech Wabag  is an excellent unique company operating in this field.This Chennai based company is a true multinational with operations in more than 20 countries around the globe with 17 subsidiaries.Company offers complete water life cycle solutions from concept to operation phase. Company executing  EPC and O&M services for sewage treatment, drinking water treatment, effluent treatment, sludge treatment, desalination and re-use for institutional clients like municipal corporations and infrastructure sectors like power,and oil& gas companies.Now company is concentrating in large projects like the one recently completed in Chennai  .The Chennai desalination plant is one of the biggest in the country with a capacity of 100-million liter per day.This plant is going to commission in another one month or two .Wabag will operate it for another 7 years for Rs.500 Cr.Successful completion of this prestigious project will act as  a testimony for company’s ability to handle large projects and will help the company to get more projects like this in future. Company’s strong order book of Rs.4000 Cr ensures visibility for next few  years. Company’s world wide presence,proven execution skills ,good reputation,strong financials and the potential of the industry it operates makes it an excellent opportunity not only for 2013 but even beyond.CMP is Rs.539

 Link to company website HERE

 

More info from Wiki HERE