Va Tech Wabag has received affirmation/ assignment in credit ratings at IND A+; Positive/ IND A1+ for bank facilities and NCDs (including proposed NCDs) from India Ratings and Research. The outlook on the debt facilities has been revised to Positive from Stable. Powered by Capital Market - Live News

Net profit of Va Tech Wabag rose 33.43% to Rs 62.90 crore in the quarter ended December 2023 as against Rs 47.14 crore during the previous quarter ended December 2022. Sales rose 8.11% to Rs 704.40 crore in the quarter ended December 2023 as against Rs 651.56 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales704.40651.56 8 OPM %13.9714.11 - PBDT85.4079.17 8 PBT83.3076.99 8 NP62.9047.14 33 Powered by Capital Market - Live News

Va Tech Wabag will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News

Va Tech Wabag has secured an order worth USD 33.5 Million from SEPCO III Electric Power Construction Corporation (SEPCO III) towards Engineering and Procurement of a 20 MLD Industrial Wastewater Treatment Plant (IWWTP) at Ras Tanura Refinery Complex, Kingdom of Saudi Arabia. This IWWTP, where Wabag is playing the role of Process and Technology Contractor, is being constructed by SEPCO III and developed by Miahona, a leading PPP developer & operator of water and wastewater projects in the Kingdom of Saudi Arabia for its off-taker Saudi Aramco, one of the world`s largest integrated oil and gas companies. The EP scope of work under this order includes Design, Engineering, Procurement, Supply and Supervision of Installation & Commissioning of the IWWTP to treat a complex cocktail of effluents from the Desalter Effluent, Tank Farms and other Oily Wastewater sumps in the refinery. This order is scheduled to be completed over a 20-month period, and will employ biological treatment followed by Filtration and Reverse Osmosis technologies to treat the effluent partly towards Reuse in the refinery. The treatment scheme also includes Wet Air Oxidation for treatment of Spent Caustic Effluent.Powered by Capital Market - Live News

VA Tech Wabag has entered into an MoU with Peak Sustainability Ventures (PEAK) to establish 100 Bio-CNG plants at sewage treatment facilities across India and other mutually agreed-upon locations in the GCC, Africa, and European countries. The parties aim to harness the unutilized potential of Sewage treatment plants and to generate Bio-CNG which can be used for mobility application in trucks and heavy duty vehicles, and for industrial applications, thereby reducing the need for fossil fuels. This initiative would not only meet the growing energy demand in a responsible and ecofriendly manner, but also contribute to India`s commitment to GHG emission reduction and to reduction of air pollution from methane, which has much higher Global Warming Potential (GWP) than carbon dioxide.The business potential for the establishment of 100 Bio-CNG plants is expected to be over USD 200 Million and this collaboration aims to generate over 73 Million Kgs of Bio-CNG per annum. Powered by Capital Market - Live News