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VA Tech Wabag Limited ( (IN:WABAG) ) just unveiled an update.
VA Tech Wabag has won a mega Asian Development Bank-funded contract, as leader of a joint venture, from the Chennai Metropolitan Water Supply and Sewerage Board to build a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project. The city-wide ring main will connect pumping stations, reservoirs and key nodes to create a flexible water grid, improving pressure management, reliability and resilience for Greater Chennai.
The project scope covers bulk transmission pipelines, feeder mains, pumping stations and underground tanks, all integrated with a central SCADA-based digital monitoring and automated control system. It is to be completed in 54 months, followed by 10 years of operation and maintenance, positioning Wabag as a key player in Chennai’s long-term water security and smart network management while addressing chronic scarcity and distribution challenges.
More about VA Tech Wabag Limited
VA Tech Wabag Limited is an Indian multinational pure-play water technology group that designs and implements water infrastructure and treatment solutions. The company focuses on sustainable, climate-resilient water management systems for urban utilities, with a strong presence in large municipal projects and long-term operations and maintenance contracts.
Average Trading Volume: 17,745
Technical Sentiment Signal: Hold
Current Market Cap: 79.49B INR
For an in-depth examination of WABAG stock, go to TipRanks’ Overview page.