Shares of VA Tech Wabag rose nearly 6 percent after it secured significant repeat orders from Reliance Industries Ltd (RIL) for water treatment systems at RIL's Dahej and Nagothane facilities.

At 12.22 PM, VA Tech Wabag shares traded 5.5 percent higher at Rs 1,550. The stock has skyrocketed over 140 percent year-to-date, outperforming the Nifty 50's modest 15 percent rise in the same period.

With a longstanding relationship spanning nearly three decades, Wabag's technical expertise and competitive bid secured this large order, valued between Rs 300 to Rs 500 crores.

"RIL has been a key account of Wabag for almost three decades. This repeat order reinforces Wabag's position as the most preferred supplier with RIL," S Natrajan, Head of Sales & Marketing, India Cluster said in an exchange filing. "We thank RIL for the continued trust and confidence reposed in Wabag. This order win is a testimony to Wabag's continued technological superiority and leadership in water treatment and recycle for the oil, gas and
petrochemical sector," he added.

VA Tech Wabag is a global water technology company with over 100 years of experience. It provides a full range of water solutions for both municipal and industrial sectors. With 1,600 professionals in 25 countries, Wabag has built over 1,400 water and wastewater plants worldwide over the last 30 years.

The company offers end-to-end services, from design and engineering to construction and operational management. Wabag continues to focus on innovation through dedicated Research & Development (R&D) centers in Europe and India and holds over 125 Intellectual Property (IP) rights.