WABAG secures order in Malaysia for PETRONAS Refinery & Petrochemical Corporation

VA TECH WABAG ('WABAG'), a leading pure-play water technology Indian Multinational Group, secured an order worth 11.45 Million USD from Dialog E&C Sdn. Bhd., Malaysia towards establishing a new Effluent Treatment Plant ('ETP') for Pengerang Integrated Complex in Johor, Malaysia. It will be constructed for PRPC Utilities and Facilities Sdn Bhd ('PRPC UF'), a subsidiary of PETRONAS Refinery & Petrochemical Corporation (PRPC).

WABAG shall be the Technology vendor and provide Design, Engineering, Procurement and Supervision activities for the proposed ETP. WABAG shall design the ETP comprising of two-stage biological treatment, advance oxidation process, ammonia stripper and drier facility for sludge treatment. WABAG was amongst the few technology partners approved by PRPC for this project, based on its global reference in Oil & Gas segment.

WABAG has previously executed a 200 Million USD state-of-the-art Integrated ETP for Pengerang Integrated Complex which ensures reduction of contaminants below regulatory discharge requirements.

Commenting on this order win, Mr. S Natrajan, S&M Head - India Cluster said, "This order was secured based on our technological pre-qualifications with PETRONAS. This order further consolidates our position as a pure play water technology player in the Oil & Gas segment and in South East Asian market."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 335.95 as compared to the previous close of Rs. 339.2. The total number of shares traded during the day was 13905 in over 738 trades.

The stock hit an intraday high of Rs. 343.85 and intraday low of 335.1. The net turnover during the day was Rs. 4692811.

Source : Equity Bulls

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