New Delhi, Jan. 29 -- Shares of VA Tech Wabag, a key stock in Rekha Jhunjhunwala's portfolio, jumped over 7 percent on Wednesday, January 29, following the announcement of a significant operations and maintenance (O&M) contract worth Rs.121 crore.

The company secured a seven-year contract to operate a wastewater treatment plant in Bahrain, strengthening its foothold in the Middle East. The order, awarded by BAPCO Refining, builds on VA Tech Wabag's existing presence in the country, where it has been managing a sewage treatment plant since November 2018.

Rekha Jhunjhunwala, the wife of the late investor Rakesh Jhunjhunwala, held 50 lakh shares in VA Tech Wabag, representing an 8.04 percent stake as of the December 2024 quarter.

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