VA Tech Wabag’s stock rose 2% after the company secured a ₹700 crore water infrastructure project in Zambia. Awarded by Lusaka Water Supply and Sanitation Company (LWSC), the project is backed by the European Investment Bank (EIB) and Germany’s Kreditanstalt für Wiederaufbau (KfW).
The contract involves the construction of two advanced Wastewater Treatment Plants (WWTPs) in Ngwerere (54 MLD) and Chunga (19 MLD). The Engineering, Procurement, and Construction (EPC) phase will span 36 months, followed by a 24-month Operation & Maintenance (O&M) phase.
This milestone marks WABAG’s entry into Zambia, cementing its reputation as a global leader in water and wastewater solutions.
As of 9:17 a.m., VA Tech Wabag shares were trading 3.04% higher at Rs 1,634.25 on the NSE.
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