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Can VA Tech Wabag Steer Its Way Out Of Trouble?
Why VA Tech Wabag has wiped off nearly 70 percent of its market value since its 2015 peak...
14 Oct 2019, 01:19 PM IST
Shares of VA Tech Wabag Ltd. have declined over 70 percent from its peak in 2015 on the back of slowing global economic growth, rising debt and increased working capital requirements.The company, which designs and builds water and sewage treatment plants for power, steel, oil & gas companies, and municipalities, has clients in India, Europe, Middle East, Africa, South-East Asia and Latin America. But it’s revenue contracted in 2018-1...
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