VA Tech Wabag is in the limelight this morning. The stock opened higher at Rs.1564.55 from Friday’s close of Rs.1505.60 and went on to hit an intra day high at Rs.1578.10.

The stock is up after the company announced today that it had secured a Rs.220 crore order for design and construction of 140 million litres a day sewage treatment plant at Dinapur in Varanasi. This is a part of the prestigious Ganga Action Plan Project initiated by the Modi Govt. This order also includes maintenance and operations of the plant for the next 10 years.

Ganga Action Plan Project is funded by the Japan International Cooperation Agency. The implementation agency of the project is Ganga Pollution Prevention Unit, UP Jal Nigam, Varanasi.