WABAG secures LoA for a 'Large' Order from SWA, towards a technologically advanced 50 MLD BWRO Plant at Aljouf, Kingdom of Saudi Arabia

VA TECH WABAG ('WABAG'), a leading pure-play Water Technology Indian Multinational Group, secured a Letter of Award for a 'Large' repeat order from Saudi Water Authority ('SWA'), towards Engineering, Procurement and Construction ('EPC') of the Advanced Technology Brackish Water Reverse Osmosis ('BWRO') Plant with a capacity of 50 Million Litre per Day ('MLD'), at Aljouf in the Kingdom of Saudi Arabia.

WABAG will Design, Supply, Construct, and Commission this 50 MLD BWRO plant over fourteen (14) months with state-of-the-art technology, where the facility will treat raw water supplied from bore well fields which contains rare elements, requiring a robust pre-treatment using Ceramic Membrane technology followed by Micron Cartridge Filtration and Reverse Osmosis, to ensure long-term reliability and sustainable water supply for the region. We have received the Letter of Award and contracting formalities will commence now. Post signing the contract, the effective date for commencement of execution will be announced.

Commenting on this development, Mr. Phani Sathish Kadiyala, Country Manager & Branch GM - KSA said, "We are honoured to receive this repeat order from our esteemed customer, SWA, and sincerely thank them for their continued confidence in WABAG. This award reflects the Kingdom's proactive adoption of next-generation water treatment technologies and further reinforces WABAG's leadership in advanced technology solutions such as BWRO, SWRO, and recycle-and-reuse systems. We remain fully committed to delivering this state-of-the-art facility to the highest standards of quality, reliability, and performance, aligned with the Kingdom's Vision and its focus on sustainable, technology-driven water infrastructure."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 1287.45 as compared to the previous close of Rs. 1275.60. The total number of shares traded during the day was 10699 in over 1193 trades.

The stock hit an intraday high of Rs. 1306.35 and intraday low of 1268.85. The net turnover during the day was Rs. 13816603.00.

Source : Equity Bulls

Keywords

VATechWabag INE956G01038 LOA OrderWin SaudiWaterAuthority