Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

WABAG secures One City One Operator contracts in Uttar Pradesh worth INR 1,477 Crore

Posted On: 2019-06-18 15:37:19

VA TECH WABAG LIMITED ('WABAG'), a leading pure play water technology Indian Multinational Company has secured INR 1,477 Crore worth order from State Mission for Clean Ganga - Uttar Pradesh towards Operation, Maintenance and Management of the Sewage treatment and network infrastructure in the cities of Agra and Ghaziabad for a period of 10 years, expandable for an additional period of 5 years.

WABAG will manage, operate and maintain 22 Sewage Treatment Plants, 22 Pumping Stations and underground network of over 3,000 kilometers with the objective of providing round the clock uninterrupted operations. WABAG shall also improve, rehabilitate and up-grade facilities related to systems, structures and equipment etc. associated with the Sewage Treatment Plants and underground collection systems.

Commenting on this order, Mr. Pankaj Sachdeva, CEO - India Cluster said, "This is a proud moment for WABAG, as we have been recognized as a competent technology partner for providing long-term sustainable solutions by the Government through the One City - One Operator model. Such long-term orders provide annuity income which helps us with improved cash flow and better revenue predictability. With our rich experience of managing over 120 sewage treatment and pumping units with a sewage load of 4000 MLD and a population of 16 Million people in the city of Istanbul, Turkey, we are confident of making this new initiative in India a success and a model that can be replicated across the country."

Commenting on this order, Mr. Mohamed Shaffi, Chief Business Officer, (O&M) said, "The One City - One operator in India marks a paradigm shift in the sewage management sector with single point ownership & accountability. WABAG which is currently operating more than 65 O&M contracts globally and backed by its skilled workforce is best placed to efficiently execute this contract. This contract will ensure treatment of over 650 MLD in both cities of Agra and Ghaziabad put together, adhering to national treatment standards thus providing cleaner and healthier eco system to the 3 million population of Agra and Ghaziabad. WABAG is proud to play a significant part in the rejuvenation of river Yamuna, as this will ensure treatment of over 80% of the sewage generated in both the cities."

Shares of VA TECH WABAG LTD. was last trading in BSE at Rs.312.65 as compared to the previous close of Rs. 321.05. The total number of shares traded during the day was 3601 in over 253 trades.

The stock hit an intraday high of Rs. 319.3 and intraday low of 312. The net turnover during the day was Rs. 1140543.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Subscriber base of RIL's Digital Services Business at 355.2 million as of Sep 30, 2019

Sasken Technologies Ltd reports consolidated EPS of Rs. 13.34 in Q2 FY 2019-20

RIL's Media Business reports robust growth in subscription income

HDFC Bank Limited announces Q2 FY2019-20 results

RIL's revenue from Organized Retail Business up 27% YoY to Rs. 41202 crore in Q2

DCB Bank announces Second Quarter FY 2020 Results

RIL's revenue from Oil and Gas Business declines to Rs. 790 crore in Q2

Cementing a Green Future

RIL's Petrochemicals Business Q2 revenue down 11.9% YoY

Siyaram Silk Mills Ltd Board declares Interim Dividend, onetime special dividend

HDB Financial Services Ltd posts net profit of Rs. 213 crore in Q2

HDFC Securities Limited Q2 PAT at Rs. 91 crore

ICRA reaffirms long term rating of Shalby Limited

Brickwork Ratings reaffirms ratings of Oriental Bank of Commerce

Brickwork Ratings updates on credit ratings of Aarvee Denims & Exports Ltd

ICRA retains credit rating of Z F Steering Gear India Ltd

Shiva Cement Ltd Q2 loss at Rs. 6.22 crore

Bhansali Engineering Polymers Ltd Q2 consolidated net profit at Rs. 20.36 crores

Dalmia Bharat Ltd posts consolidated PAT of Rs. 36 crore in Q2

Siyaram Silk Mills Ltd consolidated Q2 net profit climbs to Rs. 29.31 crore

Avanti Feeds Ltd Q2 consolidated PAT rises to Rs. 118.69 crores

DCB Bank Limited posts net profit of Rs. 91.41 crores in Q2 FY 2019-20

LIC Housing Finance Ltd Q2 consolidated PAT higher at Rs. 768.05 crores

HDFC Bank Ltd reports consolidated Q2 PAT of Rs. 6638.03 crores

Aro Granite Industries Ltd posts slump in Q2 net profit

Jasch Industries Ltd Q2 loss at Rs. 0.60 crore

Chembond Chemicals Ltd consolidated Q2 net profit slides to Rs. 1.52 crore

Shree Cement Ltd consolidated Q2 net profit at Rs. 310.62 crores

Smruthi Organics Ltd Q2 PAT at Rs. 1.89 crore

Menon Bearings Ltd Q2 PAT falls to Rs. 2.93 crore

Pioneer Distilleries Ltd Q2 loss at Rs. 19.91 crore

VTM Ltd reports net profit of Rs. 4.33 crore in Q2 FY 2019-20

National Plastic Technologies Ltd Q2 PAT climbs to Rs. 0.59 crore

RMC Switchgears Ltd is participating in ACETECH - Bengaluru 2019

3P Land Holdings Ltd posts net profit of Rs. 0.22 crore in Q2

RIL's GRM for Q2 stood at $ 9.4/bbl

Mr. Abhishek Sinha appointed as COO & Whole-Time Director of L&T Technology Services Limited

RIL consolidated Q2 PAT at Rs. 11262 crore

L&T Finance Holdings Ltd announces Q2 FY 2019-20 results

L&T Technology Services continues double-digit revenue growth in Q2FY20

Maruti Suzuki India Ltd announces introduction of Regulatory Compliant EECO

ICICI Lombard General Insurance Company Limited announces Q2 FY 2019-20 results

CARE updates on ratings of Indiabulls Housing Finance Ltd

Ambuja Cements Ltd announces Q3 CY2019 results

Digital & Consumer Electronics Brand - Xmate disrupts the Indian market by launching an extensive product portfolio

Brickwork Ratings reaffirms ratings of Punjab National Bank

L&T Technology Services Ltd Board approves Dividend of Rs. 7.50 for 2019-20

Vinati Organics Ltd Board to consider Sub-Division of Equity Shares

ICICI Lombard General Insurance Company Ltd Board approves interim dividend of Rs. 3.50 for 2019-20

Whirlpool embraces Every day, Care with a brand-new ad campaign







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019