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Located in Chennai, Va Tech Wabag is an acronymically challenged company specializing in water treatment solutions. Its portfolio of offerings spans the gamut, from water recycling, to engineering procurement services, to the design, construction, and installation of drinking water treatment plants and desalination plants. The company also provides sewage treatment services, water reclamation and financing solutions to water and wastewater projects.
va tech wabag share price target 2023
The company’s most recent order book boasts a procurement order worth 149 crores. This is the largest order for the company’s newest product line, the SmartSeal, a water treatment solution that combines the latest technologies to create a water seal that is resistant to corrosion. The company’s water treatment solutions are also used in the industrial sector, including oil and gas, manufacturing and chemical industries, and water reclamation projects. The company also serves food and beverage industries and steel manufacturers. The company’s recent rebranding from Va Tech Corporation to VA Tech Wabag Limited reflects the company’s desire to focus on its core competencies, while also leveraging its existing brand equity. In fact, ICICI Securities upgraded its rating to buy from add.
Despite its flaws, VA Tech Wabag has managed to get its name in the water treatment business for a number of reasons, including its ability to create the aforementioned water seal. As for other factors, the company’s order book has improved, with a healthy order intake for the year. While the order book has seen a small dip, the company is also expecting to see a significant boost in its industrial order book, thanks to the aforementioned water seal. This, along with a healthy order intake in the oil and gas sector, should help the company maintain its top line. A healthy order intake should also help the company generate the cash it needs to reinvest in new projects and growth initiatives.
The company’s new SmartSeal product line is a good place to start, along with its existing water reclamation and water treatment solutions. Its SmartSeal is a water seal that combines the latest technologies to create saline water that is resistant to corrosion. The company also specializes in the design, construction, and installation of drinking and waste water treatment plants, and the installation of desalination plants. Moreover, the company has also made a splash in the water reclamation and sewage management business, offering water recycle solutions to municipalities and other water-dependent organizations.
VA Tech Wabag is also a winner in the water treatment space, thanks to its strong order book. In fact, the company’s order book has grown by more than tenfold in the past two years, with the company securing a number of notable orders for the smartseal product line and other water treatment solutions.