VA Tech Wabag shares climbed more than 6% in early Wednesday trading after the company announced it had secured a large infrastructure order in Austria.
The contract win underscores the firm's growing footprint in European markets, where demand for advanced water and waste management solutions remains robust.
The stock's sharp rise reflects investor confidence in the company's ability to execute on high-value international projects.
As a portfolio holding of prominent investor Rekha Jhunjhunwala, the stock has drawn attention from market participants tracking her investment moves.
The Austrian deal adds to the company's order book, providing visibility into future revenue streams.
This development follows a broader trend of Indian infrastructure firms securing overseas contracts, as seen recently with Kirloskar Oil Engines, which rallied 20% after announcing a major data center infrastructure order.