WABAG Stock Surges 9% Following $14 Million Industrial Wastewater Treatment Contract

VA TECH WABAG (‘WABAG’), a global water technology company, has announced the successful acquisition of a USD 14 million (approximately ₹121 crore) contract from BAPCO Refining B.S.C. for the operation and maintenance of an Industrial Wastewater Treatment Plant (IWTP) in the Kingdom of Bahrain.

This 7-year contract is a significant addition to WABAG’s existing portfolio in the region, reinforcing its leadership in the water treatment sector. Following the announcement, the company’s stock saw a 9% surge as of 2:45 PM. 

Key Highlights of the Contract

• Contract Value: $14 million (₹121 crore)
• Client: BAPCO Refining B.S.C.
• Location: Kingdom of Bahrain
• Duration: 7 years
• Technology Used: Advanced Membrane Bioreactor (MBR) technology
• Capacity: 4,400 US gallons per minute (USGPM) of wastewater treatment

The state-of-the-art IWTP utilises MBR technology, ensuring high-efficiency wastewater treatment while adhering to stringent environmental and industrial standards.

Strengthening Market Position in the Middle East

This contract win further enhances WABAG’s expanding operations in Bahrain. Notably, WABAG has been successfully managing the 40 MLD Madinat Salman Sewage Treatment Plant in Bahrain since 2018, showcasing its proven expertise in the long-term operational management of water treatment facilities.

Official Statement

Mr. Srinivasan K, General Manager – Middle East Regional Headquarters (RHQ), expressed confidence in the company’s capabilities, stating: “We are extremely happy to secure this Industrial Wastewater treatment operations order in the Kingdom of Bahrain. We express our gratitude to BAPCO for their trust and confidence in WABAG. This order win is a testament to our technological excellence and our unwavering commitment to delivering world-class water solutions to the oil and gas sector globally.”

About VA TECH WABAG

WABAG is a recognised global leader in water technology, delivering sustainable and innovative water solutions to municipal and industrial sectors. Operating in over 25 countries with a workforce of 1,600+ water professionals, the company has successfully developed over 1,500 water and wastewater treatment plants.

Committed to the United Nations Sustainable Development Goals (UNSDGs) and Environmental, Social, and Governance (ESG) principles, WABAG focuses on water conservation, resource optimisation, recycling, and reuse.

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.