VA Tech Wabag moves up on signing mega contract for Doha SWRO Desalination Plant
VA Tech Wabag is currently trading at Rs. 2005.65, up by 3.55 points or 0.18% from its previous closing of Rs. 2002.10 on the BSE.
The scrip opened at Rs. 2049.35 and has touched a high and low of Rs. 2054.00 and Rs. 1991.60 respectively. So far 19059 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2252.40 on 13-Jul-2026 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. 2068.00 and Rs. 1,946.50 respectively. The current market cap of the company is Rs. 12,530.93 crore.
The promoters holding in the company stood at 19.08%, while Institutions and Non-Institutions held 24.59% and 56.34% respectively.
VA Tech Wabag has signed the 'Mega' contract for the Doha SWRO Desalination Plant with Recarbonation System-Stage II in Kuwait. This order was awarded in June 2026 by the Ministry of Electricity, Water & Renewable Energy, Kuwait, and the execution of the contract now formally paves the way for the project to commence. This Mega Project represents WABAG's first project in Kuwait and further strengthens the Group’s presence across the GCC region. The company has categorized this as a Mega contract, with value of above $150 million.
Undertaken on a Design, Build, Operate basis, the project will be delivered by a WABAG-led unincorporated joint venture with Heavy Engineering Industries & Shipbuilding Company K.S.C. (HEISCO). The 60 MIGD (approximately 272 MLD) plant will combine Sea Water Reverse Osmosis (SWRO) technology with a Recarbonation System, with construction scheduled over 36 months followed by a five-year Operation & Maintenance period. On-site Solar Photovoltaic (PV) systems will meet part of the plant’s energy needs, supporting Kuwait's clean-energy objectives while lowering the facility's carbon footprint.
VA Tech Wabag is one of the world’s leading companies in the water treatment sector. The company’s principal activities include design, supply, installation, construction, operation and maintenance of drinking water, waste water treatment, industrial water treatment and desalination plants including production of energy from biogas and sludge management.
