VA Tech Wabag Limited has informed the Exchange about Bagging/Receiving of orders/contracts towards receipt of Letter of Award for a 300 MLD Mega SeaWater Desalination Plant in the Kingdom of Saudi Arabia, worth about USD 272 Million (SAR 1,019Million / INR 2,332 Crores).
WABAG · price
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VA Tech Wabag has received a Letter of Award from the Saudi Water Authority (SWA) to design, engineer, supply, construct, and commission a 300 Million Litres per Day (MLD) Sea Water Reverse Osmosis (SWRO) Mega Desalination Plant at Yanbu, Saudi Arabia. The project is valued at approximately USD 272 million (SAR 1,019 million / INR 2,332 crores) and is to be executed over 30 months from the effective date, which will be announced after contract signing. The order is from an international government entity with no related-party interest. Management highlighted this as a repeat win in Saudi Arabia, reinforcing WABAG's leadership in the global desalination space and aligning with Saudi Vision 2030.
This is a major export order denominated in hard currency (USD), significantly boosting the company's order book. Given Wabag's annual revenue base, this single contract represents a substantial share of revenue and is likely to drive strong earnings visibility over the next 2-3 years. Positive for the stock, signalling robust international demand and execution capability.