VA Tech WABAG Limited (WABAG), a leading pure-play Water Technology Indian Multinational Group, has partnered with Pani Energy Inc.'s (Pani) to implement applied AI for treatment plants. The new category of digital technology is called Operational Intelligence (OI) and delivered through their product Pani ZED™, in the plant operations. The partnership aims to leverage Pani's platform to optimize on OPEX in the plants by reducing downtime, energy consumption, and chemical usage. Additionally, it will expedite crucial decisionmaking processes and enhance the longevity of critical equipment.
Pani ZED™'s capability to provide continuous performance analytics, process forecasting, detect operational anomalies, offer actionable insights, and set-point recommendations empowers the O&M team to proactively prioritize servicing and maintenance tasks, allocating resources where needed and enabling each facility to achieve more with less. Pani's cuttingedge technology seamlessly aligns with WABAG's commitment to adopting leading technology to advance the efficiency and sustainability of water treatment.
Shailesh Kumar, CEO-India Cluster at WABAG, expressed his excitement about the partnership, stating, "WABAG has always been a frontrunner in terms of innovation and implementing advanced technologies in the plants. We are excited about this collaboration with Pani Energy, the operational intelligence platform, powered by plant-specific models, artificial intelligence, and digital twins, will enable us to integrate world-class technology into our operations, significantly optimizing our water treatment processes. This aligns perfectly with our digitalization initiative and reinforces our commitment to providing sustainable solutions for a better life."
Devesh Bharadwaj, Founder and CEO of Pani, expressed his enthusiasm for the collaboration, stating, "Pani's mission is to decarbonize and de-risk the global water supply. In this endeavour, Asia presents a significant opportunity to revolutionize existing treatment infrastructure. With freshwater scarcity prevalent, many industries and cities heavily rely on desalination and reuse water powered by a carbon-intensive electricity grid. Our partnership with VA Tech WABAG, a renowned industry leader, offers a unique partnership to make a substantial impact on water treatment and management. By leveraging industry's best operational intelligence platform, we aim to enhance efficiencies and de-risk operations starting with facilities in India."
WABAG is the 3rd largest private water operator globally with providing safe and clean drinking water and sanitation to over 88.8 million people acrossthe globe. This strategical tieup will further boost WABAG's commitment towards a cleaner and greener world.
Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 446.25 as compared to the previous close of Rs. 441.55. The total number of shares traded during the day was 28064 in over 1946 trades.
The stock hit an intraday high of Rs. 455.00 and intraday low of 441.45. The net turnover during the day was Rs. 12523386.00.