VA Tech Wabag signs contract with Indian Oil Corporation

Water treatment player VA Tech Wabag has signed a contract with Indian Oil Corporation (IOC) for setting up an effluent treatment plant (ETP) at a cost of Rs250 crore, the company said today.

The contract with IOC has been signed recently for setting up an ETP facility at IOC's Paradip refinery besides a water-recycling plant, VA Tech said in a press statement.

The scope of the project includes design, engineering, supply, construction, erection, testing and commissioning of ETCP and recycling system on a turnkey basis, the company said.

On Thursday, VA Tech Wabag gained 0.74% to Rs1,660.70 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.33% up at 19,930.64 points.

User

Rate Hike

Bank of Baroda gained 10% following a hike in deposit rates and expectations of 25% growth this...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
M&M plans to enter US market in five years

Auto major Mahindra & Mahindra (M&M) plans to enter the US market with its electric vehicles from group firm Reva's portfolio within next five years.

At present, the US government provides various incentives to the tune of $7,500 on electric vehicles, Mahindra Reva Electric Vehicles chief of operations R Chandramouli said. "We want to be present across the globe in the next five years, apart from our current operations in the Europe and India," he added. 

In May this year, M&M acquired 55.2% stake in Chetan Maini-promoted Reva Electric Car Company through a combination of equity purchase and a fresh equity infusion of over Rs45 crore into the company.

The company is working to introduce electricity-driven technology in M&M's entire product portfolio and a final announcement will be made during the next fiscal.

On Thursday, M&M rose 0.31% to Rs780.40 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.33% up at 19,930.64 points.
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)