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WABAG secures multiple orders worth over INR 760 Crore across the Globe

Posted On: 2020-01-29 13:11:17

VA TECH WABAG LIMITED ('WABAG'), a leading Pure Play Water Technology Indian Multinational Company has secured multiple orders worth over INR 760 Crore in India, Switzerland and Singapore.

ADB funded Water Supply System in Bhagalpur, India

In India, WABAG will Design, Build and Operate a 141 MLD Raw Water Intake works on River Ganga at Bhagalpur, 90 MLD Water Treatment Plant with proprietary Plate Settler technology worth over INR 278 Crore. The project will be executed over a period of 31 months and includes operation and maintenance for 10 years. The project will be funded by Asian Development Bank.

178 MLD Drinking Water Treatment plant in Coimbatore, India

In India, WABAG will design and build a 178 MLD Water Treatment Plant ('WTP') at Coimbatore worth over INR 94 Crore for Tamil Nadu Water Supply and Drainage Board (`TWAD') using space saving proprietary Plate Settler technology. The WTP will treat the water from Bhavani river and be supplied to the newly added areas of Coimbatore. The plant will be executed over a period of 24 months. WABAG has also been entrusted with the operational maintenance of the plant for over a period of 10 years. The project would be funded by the Atal Mission for Rejuvenation and Urban Transformation CAMR Scheme.

103 MLD Drinking Water Treatment plant in Saint Sulpice, Switzerland

In Switzerland, WABAG will build the 103 MLD Saint Sulpice II - Drinking Water Treatment Plant at Geneva Lake, making it one of the biggest advanced technology based drinking water treatment facility in Switzerland and the biggest order in value terms for the WABAG Switzerland organization.

The contract worth 37.4 Million Swiss Francs will be executed by a consortium of WABAG and OTV-Veolia. WABAG's scope in the contract is 24 Million Swiss Francs. The plant will be equipped with high-tech multi-barrier treatment chain. WABAG's scope will include design and implementation of raw water pumping station, pre-filtration, GAC filtration, ultra-filtration, assembly and supply of major equipment, supervision and commissioning.

This project is the biggest Advanced Oxidation Process ('AOP') installation in Switzerland with a side-stream injection technology developed by WABAG and first nano-filtration in Switzerland supplied by OTV-Veolia. The process is unique in Switzerland and Europe enabling to reduce and eliminate micro-pollutants for drinking water. Once completed, the new treatment plant will cater up to 50% of the total demand for the Lausanne's region (around 300'000 inhabitants with expected population growth) for the next 20 years.

TUAS WRP & Changi Water Reclamation Plant, Singapore

In Singapore, WABAG has secured a 10 Million Singapore Dollar contract for design, fabrication, supply, delivery, installation, testing and commissioning of Odour Control Systems for the Influent Pumping Station Package of Tuas Water Reclamation Plant of Public Utilities Board (PUB) in Singapore through Koh Brothers - China Harbor Joint Venture.

WABAG Singapore has also secured a 12 Million Singapore Dollar extension contract for servicing and maintenance of sludge drying systems at Changi Water Reclamation Plant. As per the extended contract, WABAG Singapore will service and maintain the plant for a period of 2 another years.

Commenting on these orders, Mr. Rajiv Mittal, Managing Director and Group CEO said, "These orders worth over INR 760 Crore, reflect WABAG's reputation as the preferred partner globally, testifying continued trust in WABAG credentials."

Shares of VA TECH WABAG LTD. was last trading in BSE at Rs.214.35 as compared to the previous close of Rs. 220.75. The total number of shares traded during the day was 24021 in over 1562 trades.

The stock hit an intraday high of Rs. 221.5 and intraday low of 212.7. The net turnover during the day was Rs. 5201355.


Source: Equity Bulls

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