Order winCNBC-TV18
VA Tech Wabag ₹2,332 crore Saudi order cancelled
Negative-49
GreyOak summary
VA Tech Wabag announced the cancellation of a ₹2,332 crore desalination project in Saudi Arabia by the Saudi Water Authority. The customer cited internal reasons for terminating the contract after formalities were completed. The company is seeking clarity on the decision, following a similar cancellation in late 2024.
What it affects
- VA Tech WabagWABAGNegative -49
₹2,332 crore Saudi order cancelled by customer.Rolling sentiment Negative -31
Source
Read the original at CNBC-TV18More VA Tech Wabag news
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