Rekha Jhunjhunwala’s Stock Bags Rs 2332 Cr Order From Saudi Arabia, 500% Up In 3 Years

Last Updated:July 24, 2025, 14:38 IST

Va Tech Wabag secured a $272M contract for a 300 MLD desalination plant in Yanbu, Saudi Arabia. Rekha Jhunjhunwala owns 8% of the company. Shares rose 23% in six months.

Rekha Jhunjhunwala Portfolio: Va Tech Wabag, a water  technology Indian multinational group, has won a 300 Million Litres per Day (MLD) Sea Water Reverse Osmosis (‘SWRO’) Mega Desalination Plant at Yanbu, in the Kingdom of Saudi Arabia valued at approximately $272 million (Rs 2,332 crore).

This Project encompasses the scope of design, engineering, supply, construction, and commissioning of a 300 MLD Mega Desalination Plant, to be developed on a greenfield site located along the west coast of the Kingdom of Saudi Arabia.

Rekha Jhunjhunwala has made investment in Va Tech Wabag as per BSE public shareholder information.

Trendlyne data said that Jhujhunwala holds almost 5 lakh shares of Va Tech Wabag as of July 31, 2025, representing a stake of 8 per cent. Her total investment amounts to Rs 818.3 crore as per the last trading price.

Va Tech Wabag shares have given consistent positive returns to investors. Shares are up 23 per cent in the past six months. However, they fell short on a year-to-date basis by dropping 2 per cent as per BSE analytics.

Over the long-term horizon, shares have give multifold returns to investors. Stocks have given a return of 542 per cent in the past three years. Looking at the past five year returns, it stood at 1088 per cent, outperforming Sensex and BSE Utilities.

Headquartered in Chennai, VA Tech Wabag is a multinational water technology company focused on providing total water management solutions. They design, build, and operate water and wastewater treatment plants for both municipal and industrial clients.

Commenting on this success, Mr. Rohan Mittal, Head of Strategy and Business Growth for GCC said, “We are immensely proud to have emerged successful in this prestigious project not just once, but twice. This repeat success underscores the strength of our technical competence, competitiveness and our deep-rooted capabilities in executing large and complex desalination projects. This prestigious project, aligns with and contributes to the ambitious goals of Saudi Vision 2030 and reinforces WABAG’s global leadership in the desalination sector.”

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Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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