VA Tech Wabag Share Price in Focus; Denies Saudi Order, Clarifies Kuwait Bid Status

 VA Tech Wabag has issued a clarification addressing recent media reports regarding large overseas project wins, stating that certain claims circulating in the market do not reflect the current status of its order pipeline. 

No Confirmation of Saudi Arabia Project 

The company clarified that it has not been awarded any sewage treatment project in Saudi Arabia valued at over ₹600 crore, contrary to recent media reports. 

Management indicated that, as of now, it is not aware of any such contract where it has emerged as the lowest bidder.  

Kuwait Project Still Awaiting Final Award 

On the reported desalination project in Kuwait, the company acknowledged that its joint venture had submitted the lowest bid for the project. However, it emphasised that the project has not yet been formally awarded. 

The company stated that it is still awaiting the Letter of Award (LOA), which is necessary before recognising the project as a confirmed order.  

No Disclosure Triggered Under Regulations 

Given that no contract has been officially secured, VA Tech Wabag clarified that there has been no requirement to make disclosures under regulatory norms related to order wins. 

The clarification was issued in response to queries raised following media coverage suggesting significant project developments. 

Read More: Best Waste Management and Recycling Stocks in April 2026: Va Tech Wabag, Ion Exchange & Others Based on Market Cap! 

VA Tech Wabag Share Price Performance 

As of 16 April 2026, at 3:30 PM, VA Tech Wabag share price closed at ₹1,452.00 per share, reflecting a surge of 5.72% from the previous closing price. 

Conclusion 

VA Tech Wabag’s clarification indicates that while it remains in contention for international projects, no confirmed order wins have materialised yet, highlighting the importance of regulatory confirmation before recognising new contracts. 

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