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WABAG secures contract of 270 MLD WTP of about INR 420 Crores from CIDCO, Maharashtra

Posted On : 2023-06-07 08:27:57( TIMEZONE : IST )

WABAG secures contract of 270 MLD WTP of about INR 420 Crores from CIDCO, Maharashtra

VA TECH WABAG ('VVABAG'), a leading pure-play Water Technology Indian Multinational Group, has secured an order worth about INR 420 Crores towards Design, Build and Operation (DBO) of a Water Treatment Plant (VVTP) with a capacity of 270 Million Litres per Day (MLD) at Jite, Raigad for City and Industrial Development Corporation of Maharashtra Limited (CIDCO).

This project has been planned in order to cater to the future water demand for Navi Mumbai. Water from Hetwane dam will be treated at the proposed 270 MLD WTP and pumped to existing Master Balancing Reservoir (MBR) at Vihal location for further distribution. The scope of the project includes Design, Engineering, Supply, Construction, Installation and Commissioning of the 270 MLD WTP including clear water pumping station within a period of 42 months from commencement and followed by Operation & Maintenance (O&M) for a period of 15 years. The plant will use High Rate Clarifiers for the removal of high-suspended solids followed by Rapid Gravity Sand Filters along with disinfection by chlorine.

Commenting on this order win, Mr. Shailesh Kumar, CEO - India Cluster said, "This is an important and strategic success for us, as we foray back into the DBO space in Maharashtra with this breakthrough order in CIDCO. This project was won against tough competition based on our technical superiority and competitiveness and we are thankful to our client for the confidence they have reposed in us. This project once completed will address the growing water need of the area and also be a key reference in our journey."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 479.65 as compared to the previous close of Rs. 476.55. The total number of shares traded during the day was 77019 in over 6277 trades.

The stock hit an intraday high of Rs. 485.00 and intraday low of 470.00. The net turnover during the day was Rs. 36875235.00.

Source : Equity Bulls


VATechWabag INE956G01038 OrderWin CIDCO Maharashtra