VA Tech Wabag soars on wining DBO contract for Doha SWRO plant in Kuwait
VA Tech Wabag is currently trading at Rs. 1951.90, up by 129.20 points or 7.09% from its previous closing of Rs. 1822.70 on the BSE.
The scrip opened at Rs. 1848.45 and has touched a high and low of Rs. 1,952.00 and Rs. 1848.45 respectively. So far 169957 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,952.00 on 19-Jun-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. 1,952.00 and Rs. 1,610.35 respectively. The current market cap of the company is Rs. 12060.26 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 (WABAG) has secured the Design, Build, Operate (DBO) contract for the Doha SWRO Desalination Plant with Recarbonation System - Stage II in Kuwait, from the Ministry of Electricity, Water & Renewable Energy (MEWRE), Kuwait. The order is classified as a ‘Mega’ order, with a value exceeding $150 million.
This prestigious order marks WABAG’s maiden entry into Kuwait and further consolidates its leadership and expanding footprint across the GCC region. This project will be executed through an unincorporated Joint Venture (JV) led by WABAG, in association with Heavy Engineering Industries & Shipbuilding Company K.S.C. (HEISCO), as the JV partner.
The project entails the design, engineering, procurement, construction and commissioning of a 60 MIGD (around 272 MLD) Seawater Reverse Osmosis (‘SWRO’) Desalination Plant featuring a state-of-the-art Recarbonation System, scheduled to be completed over a period of 36 months. The contract includes a five-year Operation & Maintenance period, ensuring long-term reliability and operational excellence. The facility will employ advanced desalination technologies to deliver high-quality potable water, thereby addressing Kuwait’s rising water demand and reinforcing the nation’s water security. Further underscoring its commitment to sustainability, the project incorporates Solar Photovoltaic (‘PV’) systems to partially meet the plant’s energy requirements, supporting Kuwait’s renewable energy ambitions and contributing to a lower carbon footprint.
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