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

Written by: Team Angel OneUpdated on: 17 Apr 2026, 2:14 pm IST

VA Tech Wabag clarified it has not secured a ₹600 crore Saudi project and is still awaiting award for a Kuwait desalination project.

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.

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.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 17, 2026, 8:42 AM IST

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