Rekha Jhunjhunwala-Backed VA Tech Wabag Bags ₹600 Crore Orders in Bengaluru; Shares Jump 5.4%

VA Tech Wabag, a leading water and wastewater treatment company with a significant stake held by veteran investor Rekha Jhunjhunwala, saw its shares surge on Monday after securing two major orders worth approximately ₹600 crore in Bengaluru.

Following the announcement, the stock opened strongly and climbed 5.4% during the trading session. The company is considered a key value pick in Rekha Jhunjhunwala’s portfolio.

Details of the OrdersVA Tech Wabag specialises in water management and sewage treatment solutions. According to the filing with the stock exchanges, the Bangalore Water Supply and Sewerage Board (BWSSB) has awarded the company two large projects:

Construction of a 100 MLD Sewage Treatment Plant (STP) along with a 25 MLD Tertiary Treatment Plant at Byramangala.
Development of a 60 MLD Sewage Treatment Plant at Bellandur.

The projects fall under the “Large Order” category (typically valued between ₹250 crore and ₹600 crore).

Project Timeline & Long-term Revenue

The construction is expected to be completed within 36 months. Importantly, the company will also be responsible for Operations and Maintenance (O&M) of these plants for the next 7 years, ensuring a steady long-term revenue stream.

In addition to design and construction, VA Tech Wabag will handle process engiuneering, electrical works, instrumentation, and control systems.

Second Major Win in July 2026

This is the second major contract secured by the company in July 2026. Earlier this month, VA Tech Wabag won an international project for the expansion of the Donauinsel Water Works in Vienna, Austria, valued between USD 30 million and USD 75 million (approx. ₹250–620 crore).

Rekha Jhunjhunwala’s Stake

As per the shareholding pattern for the quarter ended March 2026, Rekha Jhunjhunwala holds an 8.2% stake in VA Tech Wabag. Her portfolio includes approximately 5 lakh (500,000) shares, currently valued at around ₹1,034.8 crore.

Stock Performance

The stock touched an intraday high of ₹2,098.70 and has delivered a strong return of approximately 60% so far in the year 2026.