WABAG secures ADB funded 'Large' DBO order from Melamchi Water Supply Development Board, Government of Nepal

VA TECH WABAG ('WABAG'), a leading pure-play water technology Indian Multinational Group, secured a 'Large' repeat order from Melamchi Water Supply Development Board ('MWSDB'), Nepal, towards Design, Build and Operate ('DBO') of a state-of-the-art Sundarijal Water Treatment Plant ('WTP') with a capacity of 255 Million Liter per Day ('MLD') in Kathmandu Valley, funded by the Asian Development Bank ('ADB').

The Engineering, Procurement and Construction ('EPC') scope will be executed over thirtysix (36) months, followed by five (5) years of Operation and Maintenance ('O&M'), underscoring WABAG's lifecycle partnership capabilities. The new plant to be constructed adjacent to the existing Melamchi WTP, which was built by WABAG in 2017, will treat water from the Melamchi, Yangri, and Larke Rivers, meeting Nepal's National Drinking Water Quality Standards and strengthening water security for Kathmandu's growing population.

Commenting on this order win, Mr. Arvind Dullu, Regional Business Head - South and Southeast Asia, said, "We sincerely thank MWSDB for this repeat order which is a testament for the continued confidence of our valued customer in our technical proficiency and capabilities. This Large order further consolidates WABAG's strategic presence in Nepal and reinforces our position as an industry leader across the South Asian region."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 1402.15 as compared to the previous close of Rs. 1401.90. The total number of shares traded during the day was 12294 in over 1146 trades.

The stock hit an intraday high of Rs. 1412.35 and intraday low of 1390.05. The net turnover during the day was Rs. 17238281.00.

Note: A 'Large' order shall mean an order value in the range of USD 30 Million to 75 Million

Source : Equity Bulls

Keywords

VATechWabag INE956G01038 OrderWin ADBFunded MWSDB Nepal SundarijalWaterTreatmentPlant