VA Tech Wabag shares jump 3% after securing repeat order from RIL for ETP project
According to a filing with the exchange on Monday, the water technology secured a ‘Medium’ order from the Reliance Industries, towards design, engineering, manufacturing, supply, erection & commissioning of an effluent treatment plant (ETP), at Dhirubhai Ambani Green Energy Giga Complex, Jamnagar.
Also Read | ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lender
The company classifies domestic orders worth Rs 100 crore to Rs 250 crore as “medium” orders.
The proposed ETP scheduled to be completed in 13 months will be designed comprising chemical and biological treatment using the state-of the art technologies, along with a sludge treatment incorporating low-temperature drying for efficient sludge management.
The company further said that no promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/ contract(s) and no order(s)/ contract(s) would fall within related party transactions.
“This repeat order reinforces our long-standing relationship with RIL, a key customer, and reflects the continued trust and confidence RIL places in our capabilities. We are pleased to be associated with RIL and support its evolving water and wastewater management requirements,” said Sivakumar V, Senior General Manager – Sales and Marketing, India Cluster.This order is a testament to WABAG’s technological expertise, execution capabilities, and leadership in delivering advanced industrial water and wastewater treatment solutions, Sivakumar further said.
In August, the company signed the contract for the Doha SWRO Desalination Plant with Recarbonation System – Stage II in Kuwait and this mega project represented WABAG’s first project in Kuwait
In July, the company announced a major order win from the Bangalore Water Supply and Sewerage Board (BWSSB) for the development of two energy-efficient wastewater treatment facilities in Bengaluru.
This order was awarded in June 2026 by the Ministry of Electricity, Water & Renewable Energy, Kuwait, and the execution of the contract formally paves the way for the project to commence.
This order was classified as a “Large” order worth Rs 250 crore to Rs 600 crore. Under the contract, VA Tech Wabag will undertake the Design, Build and Operate (DBO) scope for two key wastewater treatment projects: A 100 MLD Sewage Treatment Plant along with a 25 MLD Tertiary Treatment Plant at Byramangala, Bengaluru and a 60 MLD Sewage Treatment Plant at Bellandur, Bengaluru.
The stock went up 53.71% in the current calendar year, nearly 34% in the last one year. The stock gained 317% in the last three years and 502% in the last five years.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
