New Delhi :

Water management firm Va Tech Wabag  (Wabag) today said it has received Rs 115-crore order from Chennai Metropolitan Water Supply and Sewage Board for setting up of pumping stations and laying pipelines.

“The order comprises construction of pumping stations and pipeline works for providing comprehensive water supply and sewerage scheme for residents of Sholinganallur-Karapakkam on the Old Mahabalipuram Road in Chennai city under Chennai Mega City  Development Mission Project,” Wabag said in a BSE  filing.

The project is scheduled to be completed in 24 to 30 months, it said.

“The order is special to us since this is the largest order involving pumping stations and pipeline works for Wabag till date. This is also the first comprehensive water supply and sewerage project for the firm,” Abhijit Ray Chaudhuri, Wabag’s Head, Pumping System, said.

Shares of the company were trading at Rs 443.35 apiece towards the close of trading hours on the BSE.

source: http://www.articles.economictimes.indiatimes.com / The Economic Times / Home> News> News by Industry> Int’l Goods-Svs / PTI / June 10th, 2013