VA Tech Wabag jumps on securing contract for proposed Ajman Sewage Biorefinery Plant in UAE
VA Tech Wabag is currently trading at Rs. 1577.60, up by 32.40 points or 2.10% from its previous closing of Rs. 1545.20 on the BSE.
The scrip opened at Rs. 1589.90 and has touched a high and low of Rs. 1603.05 and Rs. 1561.50 respectively. So far 13872 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1670.50 on 24-Jul-2025 and a 52 week low of Rs. 1033.95 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1609.00 and Rs. 1,326.60 respectively. The current market cap of the company is Rs. 9,847.74 crore.
The promoters holding in the company stood at 19.09%, while Institutions and Non-Institutions held 22.37% and 58.53% respectively.
VA Tech Wabag has secured a large contract (valued in the range of $30-$70 million) for the proposed Ajman Sewage Biorefinery Plant-Phase 3 in the United Arab Emirates (UAE) from Ajman Sewerage (Private) Company. The project will be executed through a consortium arrangement, with WABAG serving as the consortium leader.
The project, which is scheduled to be executed over a 24-month period, includes the design, engineering, procurement, and construction of a 60 MLD Sewage Treatment Plant, along with inlet works, primary and secondary treatment systems, and comprehensive sludge management facilities comprising digesters, gas holders, scrubbers, and power generation systems. The scope also includes odor control systems and disc filters to ensure compliance with the guaranteed treated effluent quality. The plant will incorporate advanced mechanical and biological treatment processes based on the Activated Sludge Process (ASP), along with tertiary treatment through disc filtration systems.
This order marks WABAG’s strategic entry into the UAE and further reinforces our position as a trusted partner in delivering sustainable and innovative Wastewater management solutions across the GCC region. This breakthrough significantly strengthens WABAG’s presence within the regional water ecosystem and enhances our credentials to pursue larger and more complex opportunities across the Middle East.
