VA Tech Wabag Limited has informed the Exchange about Bagging/Receiving of orders/contracts - WABAG secures repeat order towards 5 years of Operation & Maintenance of Madinat Salman Sewage Treatment Plant in the Kingdom of Bahrain
WABAG · price
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VA Tech Wabag has secured a repeat order worth about INR 118 Crores (5.12 Million Bahraini Dinars) from the Ministry of Works, Municipalities Affairs and Urban Planning in Bahrain. The contract is for 5 years of Operation & Maintenance of the 40 MLD Madinat Salman Sewage Treatment Plant and Long Sea Outfall. WABAG originally built this plant in 2015-2018 and has been operating it since November 2018, so this is a renewal of an existing relationship. Management highlighted that the order strengthens the O&M order book, provides annuity-style income over 5 years, and improves cash flow visibility. The order is from an international government client, with no related-party involvement.
Positive for shareholders — the 5-year contract adds predictable, recurring revenue and cash flow from an existing proven asset. Reinforces Wabag's international presence and credibility in the Middle East water infrastructure space.