WABAG Bags Rs 296 Cr from Delhi Jal Board | CORPORATE ETHOS

WABAG Bags Rs 296 Cr from Delhi Jal Board

By: | May 10, 2018
Wabag

May 10: Chennai-based VA Tech Wabag Ltd (WABAG), a leading pure play water technology company, on Wednesday said that it has secured an order for Rs 296 crore from Delhi Jal Board towards rehabilitation and up-gradation of the 182 MLD Waste Water Treatment Plant at Rithala under the Yamuna Action Plan.

According to the company, the scope includes design, supply, construction, commissioning including operation and maintenance for 11 years. The project will be financed by Japan International Cooperation Agency (‘JICA’), it said.

“The up-gradation includes WABAG designing and constructing a Biogas power generation unit from sewage, reducing dependence on the power grid. This is another fine example of promoting waste-to-energy concept,” the company added.

Commenting on this development, Pankaj Sachdeva, CEO -India Cluster, said, “we at WABAG are excited at the continuous flow of orders. This repeat order reflects the client’s confidence in us and our capabilities. This is a testimony to the fact that WABAG continues to enjoy the status of ‘Most Preferred Supplier’ in water and waste water treatment space.”

Shares of the company were trading at Rs 496.65, up 1.44% from the previous closing of Rs 489.60, on BSE at 9.22 am today.