VA TECH WABAG ('WABAG'), a leading pure-play water technology Indian Multinational Group, continues to expand its presence and strengthen its leadership position in the African Continent with Design, Build & Operate (DBO) order worth ~ Euro 78 Million from Lusaka Water Supply and Sanitation Company (LWSC), multi-laterally funded by the European Investment Bank (EIB) and the Kreditanstalt für Wiederaufbau (KfW) of Germany. This strategic win marks WABAG's entry into Zambia, further strengthening its presence in Africa and reinforcing its role as a comprehensive water solutions provider in the continent.
Under this DBO contract, WABAG will execute the Engineering, Procurement, and Construction (EPC) of two advanced Wastewater Treatment Plants (WWTPs) a 54 MLD WWTP and a 19 MLD WWTP located in Ngwerere and Chunga, Zambia. The EPC phase will span 36 months, followed by 24 months of Operation & Maintenance (O&M) to ensure sustainable performance and efficiency. Majority of the energy needs of the WWTPs will be sustainably met through green energy sources, utilizing a combination of biogas and solar power.
WABAG's successful track record in delivering world-class water and wastewater treatment projects, combined with its technically superior and competitive bid, played a pivotal role in securing this landmark contract in Zambia's dynamic market.
Commenting on this remarkable order win, Mr. Guhan Kandasamy, Head - Sales & Marketing (Africa), said, "We extend our heartfelt gratitude to LWSC for their confidence in WABAG to deliver one of Zambia's largest and most advanced sanitation projects in the recent decades. Through this project, WABAG is proud to contribute significantly to the Zambian government's mission to enhance water and sanitation infrastructure, positively impacting countless lives."
Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 1645.40 as compared to the previous close of Rs. 1584.20. The total number of shares traded during the day was 59542 in over 3178 trades.
The stock hit an intraday high of Rs. 1690.00 and intraday low of 1620.00. The net turnover during the day was Rs. 98147287.00. |
