Stock Report

H2O Dynamics India Ltd Secures 2 orders worth Rs. 7 Crore in Water Treatment Contracts

Posted On : 2024-09-27 07:26:50( TIMEZONE : IST )

Meson Valves India Limited (BSE CODE: 543982), globally recognized as The Valve Specialists, today announced two significant orders secured by its recently established water treatment subsidiary, H2O Dynamics India Limited.

Project Details:

1. Mahakumbh 2025 Mela Area Project
Contract: Manufacturing, supply, and installation of 3 prefabricated Sewage Treatment Plants
Capacity: 0.5 MLD (500 KLD) each
Total Value: ₹3.75 Crore (₹1.25 Crore per unit)
Purpose: Treatment of sewage/faecal sludge

2. Galactic City Project, Greater Noida West, UP
Contract: Manufacturing, supply, installation, operation, and maintenance of a Hybrid Granular SBR based Compact Sewage Treatment Plant
Capacity: 1000 KLD
Total Value: ₹3.25 Crore
Technology: Based on BARC

Within just 3-4 months since its inception, H2O Dynamics India Limited has secured two major orders totaling ₹7 Crore, demonstrating strong growth potential in the water treatment sector. These projects highlight H2O Dynamics India Limited's capability to deliver advanced water treatment solutions for both large-scale events and urban development projects.

The water treatment vertical has experienced swift growth, largely due to the valuable expertise of its CTO, Mr. Arun Kumar Tiwari. As a distinguished Water Scientist, Mr. Tiwari brings extensive knowledge in drinking water and wastewater treatment, alongside significant experience in environmental applications. His background as an IIT Delhi graduate and his considerable R&D experience have been instrumental in positioning the company as an industry leader. Mr. Tiwari's innovative approach and technical prowess, evidenced by his multiple scientific publications and awards, have been crucial in developing cutting-edge water management solutions.

H2O Dynamics India Limited has demonstrated its capability to handle large-scale projects, notably providing wastewater treatment solutions for the Mahakumbh festival, one of the largest religious gatherings in the world. Additionally, the company has developed specialized water solutions for the Indian Army in High Altitude Areas (HAA), showcasing its ability to innovate in extreme environments.

Mr. Brijesh Manerikar, Chairman & Managing Director of Meson Valves India Limited, commented on the recent developments "The rapid success of H2O Dynamics India Limited, our new water treatment vertical, is extremely encouraging. Securing ₹7 Crore worth of projects in just months validates our strategic entry into this sector. Under Mr. Vijay Hazare's leadership, we're wellpositioned to capitalize on the growing water treatment market in India. This venture aligns perfectly with our inorganic growth strategy and promises to be a key driver of Meson Valves India's future growth."

Mr. Vijay Hazare, CEO of H2O Dynamics India Limited, commented on the recent developments, "Our swift progress in the water treatment sector is evident from our ₹7 Crore project portfolio. H2O Dynamics has already demonstrated its capabilities through high-profile projects like wastewater treatment for the Mahakumbh festival and specialized solutions for the Indian Army in High Altitude Areas. We're focusing on leveraging advanced technologies to address urban, rural, and industrial water management needs. With increasing government initiatives and environmental concerns, we're wellpositioned to become a leader in sustainable water management, contributing significantly to India's water security and Meson Valves India's growth objectives."

Shares of Meson Valves India Limited was last trading in BSE at Rs. 803.25 as compared to the previous close of Rs. 831.30. The total number of shares traded during the day was 10000 in over 44 trades.

The stock hit an intraday high of Rs. 835.00 and intraday low of 800.00. The net turnover during the day was Rs. 8135740.00.