Sunday, July 5, 2026

VA Tech Wabag wins a ‘large’ international order from Georgia; Stock gains over 3%

Date:

Shares of VA Tech Wabag Ltd. gained as much as 3% on Friday, March 20, after it bagged a “large” order for its consortium from the United Water Supply Company of Georgia LLC.International orders that range from $30 million to $75 million, are classified as “large” orders by the company.

The order pertains to the construction of a 19 million litres per day (MLD) Wastewater Treatment Plant (WWTP) in Geogia. The project, funded by the European Investment Bank, involves the development of a state-of-the-art wastewater and sludge treatment facility at Kutaisi, the third-largest city of Georgia.
This 19 MLD WWTP can be expanded to a maximum capacity of 56 MLD, VA Tech Wabag said in its exchange filing.The Engineering, Procurement and Construction (EPC) scope of the project includes demolition of the existing plant, construct the new plant, and install and effluent pipeline into the river. As a leader of the consortium, the company will undertake design, engineering, supply, installation, and commissioning of the treatment systems, along with Operations & Maintenance (O&M) for a period of 12 months.

With this order, VA Tech Wabag also marks its foray into the Commonwealth of Independent Nations (CIS) region and the Georgian market.

Shares of VA Tech Wabag are trading with gains of 2.8% on Friday at ₹1,233.9. The stock is still down around 6% so far in 2026.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tamilnad Mercantile Bank reports healthy Q1 growth; advances outpace deposits

Tamilnad Mercantile Bank Ltd. reported a healthy business update...

India targets FTAs with Canada, Mexico and Brazil in next six months: Goyal

Commerce and Industry Minister Piyush Goyal on Saturday, July...

Starting PPF for your children? Here’s how much wealth ₹5,000 per month will build for their future over the long term

जब दीर्घकालिक वित्तीय योजना की बात आती है तो...

BCCL Q1 coal production falls; June coking coal output drops 12.5%

Bharat Coking Coal Ltd (BCCL) reported a 12.5% year-on-year...