Jhunjhunwala
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Rekha Jhunjhunwala, the wife of the late investor Rakesh Jhunjhunwala, has significant holdings in several companies that have recently secured substantial orders, boosting their market performance. Notably, VA Tech Wabag and NCC Limited, both part of her portfolio, have achieved remarkable milestones.
VA Tech Wabag’s Strategic Order Wins
VA Tech Wabag, a leader in water treatment solutions, has demonstrated impressive growth through strategic order acquisitions. In October 2024, the company announced a ₹1,000 crore order for a 100 MLD Sea Water Desalination Plant from Indosol Solar Private Limited in Andhra Pradesh. This project aims to supply water to Indosol’s 10 GW integrated Solar PV manufacturing unit, highlighting Wabag’s role in supporting renewable energy infrastructure. The contract includes engineering, procurement, and a 15-year operation and maintenance agreement. citeturn0search0
Earlier, in February 2025, VA Tech Wabag secured a $371 million (approximately ₹3,251 crore) order from Al Haer Environmental Services Company in Saudi Arabia. This consortium project involves the engineering, procurement, and construction of a 200 MLD Independent Sewage Treatment Plant, underscoring the company’s expanding presence in the Middle East. citeturn0search1
These developments have significantly impacted VA Tech Wabag’s stock performance. In October 2024, the stock hit a 52-week high of ₹1,743.85, reflecting investor confidence following the major order announcement. citeturn0search2 Rekha Jhunjhunwala’s 8.04% stake in the company further emphasizes her strategic investment choices.
NCC Limited’s Robust Order Book
NCC Limited, a prominent infrastructure company in Rekha Jhunjhunwala’s portfolio, has also reported significant order wins. In March 2025, the company announced a ₹2,130 crore order from the Andhra Pradesh Capital Region Development Authority. The project involves comprehensive infrastructure development in the Amaravati Capital City area, including roads, drains, water supply systems, and sewage networks. This contract enhances NCC’s order book and reinforces its position in the infrastructure sector. citeturn0search3
In September 2024, NCC secured orders worth ₹2,327 crore, marking the highest order intake in at least four months. These orders spanned various divisions, including transportation, electrical, and buildings, contributing to the company’s robust order book and revenue prospects. citeturn0search4
Rekha Jhunjhunwala’s 10.63% stake in NCC Limited reflects her confidence in the company’s growth trajectory. The recent order wins are expected to positively influence the company’s financial performance and stock valuation.
Strategic Investments and Market Impact
Rekha Jhunjhunwala’s strategic investments in companies like VA Tech Wabag and NCC Limited have yielded substantial returns. Both companies have demonstrated strong order inflows, enhancing their market positions and financial outlooks. These developments align with her investment philosophy, focusing on companies with robust order books and growth potential.
Conclusion
The recent order wins by VA Tech Wabag and NCC Limited exemplify Rekha Jhunjhunwala’s successful investment strategy. These companies’ ability to secure significant contracts not only bolsters their market positions but also contributes positively to their stock performances, benefiting investors and stakeholders alike.
