Bagging/Receiving of orders/contracts - WABAG secures a Large Order from BPCL towards Industrial Water Treatment Facilities
WABAG · price
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VA Tech Wabag has won a 'Large' order from Bharat Petroleum Corporation Limited (BPCL), a government-owned oil major, for industrial water treatment facilities at BPCL's Bina Petchem and Refinery Expansion Project in Madhya Pradesh. The scope is an EPC contract covering a Raw Water Treatment Plant, a Reverse Osmosis-based Demineralization Plant, and a Zero Liquid Discharge Plant. The project will be executed over 22 months. The order value falls in the INR 250 to 600 Crore range, and WABAG has classified it as 'Large' per its internal order-size categories. The order is domestic, with no related-party involvement.
This is a meaningful order win from a reputed PSU client in the oil & gas sector, likely adding 10-25% to annual revenue depending on the final value, and supports WABAG's order book and leadership in industrial water treatment. Positive for the stock in the near term, though execution over 22 months means revenue recognition will be spread out.