WPIL shares surged more than 9% in early trade after the company announced a major overseas contract win, boosting investor confidence and strengthening its global order book. As of 9:27 AM, the shares were trading 8.60% higher at Rs 402.65.
WPIL Limited informed stock exchanges that its South African subsidiary, PCI Africa Consortium, has secured a high-value contract worth 2.50 billion Rand, which translates to approximately ₹1,340 crore. The project has been awarded by the City of Cape Town for the upgrading and expansion of the Macassar Wastewater Treatment Works, one of the region’s critical municipal infrastructure facilities.
As per the regulatory disclosure dated December 13, 2025, PCI Africa’s share in the contract stands at around 1.175 billion Rand, or nearly ₹630 crore. The execution timeline for the project is 54 months, offering long-term revenue visibility for the company. WPIL also clarified that the order is not a related-party transaction, ensuring transparency and arm’s-length compliance.
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