Va Tech Wabag Ltd Share Price – NSE  /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Va Tech Wabag has received affirmation/ assignment in credit ratings at IND A+; Positive/ IND A1+ for bank facilities and NCDs (including proposed NCDs) from India Ratings and Research. The outlook on the debt facilities has been revised to Positive from Stable.

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Net profit of Va Tech Wabag rose 33.43% to Rs 62.90 crore in the quarter ended December 2023 as against Rs 47.14 crore during the previous quarter ended December 2022. Sales rose 8.11% to Rs 704.40 crore in the quarter ended December 2023 as against Rs 651.56 crore during the previous quarter ended December 2022.

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Va Tech Wabag will hold a meeting of the Board of Directors of the Company on 9 February 2024.

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The company said that it has bagged an order from SEPCO III Electric Power Construction Corporation (SEPCO III) towards engineering and procurement (EP) of a 20 MLD industrial wastewater treatment plant (IWWTP) at Ras Tanura Refinery Complex, Kingdom of Saudi Arabia.

This IWWTP, where Wabag is playing the role of process and technology contractor, is being constructed by SEPCO III and developed by Miahona, a leading PPP developer & operator of water and wastewater projects in the Kingdom of Saudi Arabia for its off-taker Saudi Aramco, one of the world’s largest integrated oil and gas companies.

The EP scope of work under this order includes design, engineering, procurement, supply and supervision of installation & commissioning of the IWWTP to treat a complex cocktail of effluents from the desalter effluent, tank farms and other oily wastewater sumps in the refinery.

This order is scheduled to be completed over a 20-month period, and will employ biological treatment followed by filtration and reverse osmosis technologies to treat the effluent partly towards reuse in the refinery. The treatment scheme also includes wet air oxidation for treatment of spent caustic effluent.

Sivakumar V, regional head – sales and marketing said: This is another key breakthrough for us in the Kingdom of Saudi Arabia. This order which is being delivered to Miahona and Saudi Aramco is a further testimony of Wabag’s technology leadership in the Oil & Gas sector and enables us to further cement our presence in the Middle East Region.”

VA TECH WABAG is a pure-play water technology company. It offers a complete range of technologies and services for total water solutions in both municipal and industrial sectors.

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