Va Tech Wabag Share Price Rose 4.86%; Secures €78M Wastewater Project in Zambia

Va Tech Wabag Ltd (WABAG) announced that it has secured a prestigious Design, Build & Operate (DBO) order worth ~€78 million from Lusaka Water Supply and Sanitation Company (LWSC) in Zambia.

On December 27, 2024, WABAG share price opened at ₹1,626.15, up from its previous close of ₹1,586.00. At 9:40 AM, the share price of WABAG was trading at ₹1,663.15, up by 4.86% on the NSE.

Details of the Order

The project, funded by the European Investment Bank (EIB) and Kreditanstalt für Wiederaufbau (KfW) of Germany, marks WABAG’s entry into Zambia and further strengthens its presence in Africa. This strategic win underscores WABAG’s commitment to providing innovative and sustainable water solutions across the continent.

The contract involves the Engineering, Procurement, and Construction (EPC) of two advanced Wastewater Treatment Plants (WWTPs) with capacities of 54 MLD and 19 MLD in Ngwerere and Chunga, Zambia. The EPC phase will span 36 months, followed by a 24-month Operation & Maintenance (O&M) period to ensure optimal performance and efficiency. These state-of-the-art WWTPs will harness green energy sources, including biogas and solar power, to meet a significant portion of their energy requirements sustainably.

WABAG’s successful track record in executing large-scale water and wastewater projects, combined with its innovative and competitive bid, played a critical role in securing this landmark contract. This project highlights WABAG’s expanding role as a comprehensive water solutions provider in Africa.

Commenting on this order win, the Head of Sales & Marketing (Africa), Mr Guhan Kandasamy, 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.”

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