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The latest announcement is out from VA Tech Wabag Limited ( (IN:WABAG) ).
VA Tech Wabag has secured a repeat ‘large’ international order from the Saudi Water Authority to execute a technologically advanced 50 million litres per day brackish water reverse osmosis plant at Aljouf in Saudi Arabia, classified by the company as a large-sized contract under its order taxonomy. The EPC project, to be completed in 14 months, will use ceramic membrane pre-treatment, micron cartridge filtration and reverse osmosis to treat bore well water containing rare elements, strengthening Wabag’s position in the Gulf’s high-end water treatment segment and aligning it with Saudi Arabia’s push for sustainable, next-generation water infrastructure under its long-term development vision.
More about VA Tech Wabag Limited
VA Tech Wabag Limited is a Chennai-headquartered, pure-play water technology Indian multinational group that designs and delivers advanced water treatment solutions. The company focuses on engineering, procurement and construction (EPC) of desalination, brackish water reverse osmosis (BWRO), seawater reverse osmosis (SWRO), and recycle-and-reuse systems, serving utilities and authorities in international markets with an emphasis on sustainable, technology-driven water infrastructure.
Average Trading Volume: 11,609
Technical Sentiment Signal: Sell
Current Market Cap: 80.2B INR
For a thorough assessment of WABAG stock, go to TipRanks’ Stock Analysis page.