The Saudi Water Authority cited internal reasons on its procurement platform when cancelling the 300 million litres per day Yanbu seawater desalination facility, which had been awarded in July 2025. VA Tech Wabag is currently seeking formal clarification from the customer, having faced an identical administrative cancellation for another 300 MLD project in December 2024. In the meantime, the company's Q2 FY27 earnings demonstrated strong resilience, generating approximately ₹1,000 crore in revenue alongside ₹104 crore in profit after tax. Brokerage Motilal Oswal retained its positive outlook, highlighting that the broader business remains well-cushioned against regional contract cancellatio…
Key points
Management expects full-year revenue growth to finish at the upper end of its 15% to 20%…: Management expects full-year revenue growth to finish at the upper end of its 15% to 20% guidance range.
The company maintains robust financial health supported by a ₹1,000 crore net cash positi…: The company maintains robust financial health supported by a ₹1,000 crore net cash position and an order book topping ₹20,000 crore.
Investor Rekha Jhunjhunwala held an 8.0% stake in the water treatment firm as of Septembe…: Investor Rekha Jhunjhunwala held an 8.0% stake in the water treatment firm as of September 2026.
Sources checked by our analysis pipeline: 1
Rekha Jhunjhunwala portfolio stock VA Tech Wabag shares are likely to remain in focus on Monday, November 16, after the company disclosed that a major desalination project in Saudi Arabia, valued at approximately ₹2,400 crore, had been cancelled by the customer, Saudi Water Authority, citing internal reasons.
Rekha Jhunjhunwala holds an 8.0% stake in VA Tech Wabag Ltd as of September 2026.
The shares ended 2% lower at ₹2,040.10 apiece on the BSE on Friday. The stock had touched a 52-week high of ₹2,320 in September 2026 and a 52-week low of ₹1,033.95 in January 2026. Despite the recent decline, it has gained 3.5% in one month, 8% in three months, 48% in six months, 45% in one year and 506% over five years.
In an exchange filing on Saturday, November 14, VA Tech Wabag said it had received the award in July 2025 to execute a 300 million litres per day (MLD) mega seawater desalination plant at Yanbu, Saudi Arabia. Following the award, the company completed the required formalities and executed the contract, which was submitted to the customer…
The private lender dismissed claims concerning an alleged cyber fraud incident that reportedly led to significant financial damages. According to the institution, the circulating claims regarding the security breach are entirely inaccurate. The firm addressed the issue to provide clarity surrounding its institutional security and financial integrity.
Cheaper energy is breathing life into German equities, lifting heavy industrial producers and reversing earlier regional underperformance. A powerful combination of rising defense budgets, artificial intelligence investments, and incoming state stimulus is driving institutional capital back into Europe's largest economy. This fundamental recovery is propelling major market indexes to unprecedented levels as corporate earnings expectations accelerate.
A sharp reversal in foreign institutional investor activity propelled Indian equities upward during the first half of November, allowing frontline indices to eclipse their broader market counterparts. Heavy institutional inflows lifted the benchmark Nifty by over 9%, creating strong momentum across dominant financial and industrial firms. This dramatic turnaround reaffirmed the resilience of established market leaders that had previously demonstrated sustained multi-year growth.