WABAGNSEVA Tech Wabag Limited· Other UtilitiesHighPositive
Announced Thu, 12 Mar, 2026 · 08:27 IST

WABAG bags Mega PPP order from CMWSSB, towards 45 MLD TTRO Plant in Chennai, reinforcing Water Reuse Leadership

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDFExplain this filing

WABAG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.9%Reaction day
₹1256.00
prior close
₹1285.10
announcement price
After-mkt
timing
Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+2.2% vs market
Other Utilities peers, median of 12sector · industry level+0.1%+1.8% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.8 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
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StockMarketvs marketSectorvs sector
Reaction day
+1.9-0.3+2.2+0.1+1.8
Next day
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2d
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1w
-6.9-6.7-0.2-11.3+4.4
15d
+0.2-1.0+1.1-1.9+2.1
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+8.3+5.2+3.0+5.6+2.7
2m
+9.7+12.6-2.9+6.1+3.6
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+25.8+17.6+8.2-1.4+27.2
UpDownMarket · Nifty Microcap 250Sector · Other Utilities peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

VA Tech Wabag has won a 'Mega' order (defined as above INR 1,000 Crores) from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for the Refurbishment, Finance, Operate, Maintain and Transfer (RFOMT) of a 45 MLD Tertiary Treatment Reverse Osmosis (TTRO) plant at Kodungaiyur, Chennai, under a Public-Private Partnership model. WABAG will refurbish and upgrade the existing facility to its full 45 MLD capacity within 18 months, and then operate and maintain it for 18.5 years, supplying treated wastewater to industrial consumers in the Manali–Ennore and Manali–Minjur corridors. This adds to WABAG's existing 45 MLD Koyambedu TTRO plant in Chennai and a 40 MLD plant in Ghaziabad, further strengthening its leadership in water reuse and recycling.

Likely market impact

This is a significant order win that adds a long-tenure (18.5 years O&M) revenue stream alongside a sizeable upfront refurbishment contract, likely boosting order book visibility. It reinforces WABAG's dominance in India's water reuse segment and is a positive signal for revenue and earnings stability over the long term.