4 hours Ago
VA Tech Wabag , the Chennai-based desalination and water treatment solutions company, on Thursday informed the exchanges that it has secured orders totalling ₹ 340 crore from Gail (India) and Indian Oil Corporation. The order includes the Design, Build, and Operation (DBO) of a 450 m3/hr UF & RO-based Effluent Recycle Plant, an evaporator-based Zero Liquid Discharge (ZLD) Plant, a new Wastewater Treatment Plant, and the augmentation of an existing Wastewater Treatment Plant for GAIL (India) Ltd.'s integrated petrochemical complex in Pata, Uttar Pradesh.
The Engineering, Procurement, and Construction (EPC) scope of work under this order is scheduled to be completed over a 24-month period, followed by six months of Operation and Maintenance (O&M). Projects and Development India Limited (PDIL) has been appointed by GAIL as the Engineer-in-Charge for this project, VA Tech Wabag said in an exchange filing. The recovered water from this facility will be used as cooling tower makeup water.
Wabag has also secured a repeat Operation and Maintenance (O&M) order from Indian Oil Corporation Ltd. (IOCL) worth ₹ 20 crore towards O&M of the Tertiary Treatment Reverse Osmosis (TTRO) Plant at IOCL Panipat Refinery, Haryana, for an additional three-year period. WABAG has been entrusted with the O&M of this plant since its commissioning in 2006.
Notably, this TTRO plant was designed, constructed, and commissioned by WABAG nearly two decades ago and is the first industrial water recycling plant in the oil and gas sector in the country. "We are delighted to have secured these significant industrial water treatment orders and we sincerely thank GAIL and IOCL for their trust and confidence placed in us. These repeat orders serve as a powerful testament to the strength of our long-standing customer relationships, as well as to our technical expertise and capabilities.
They further solidify our leadership position in the Oil and Gas sector, marking yet another important milestone in our journey," said S Natrajan, Head-Sales & Marketing, India Cluster. Shares of VA Tech Wabag Ltd. are trading 1.
56% higher on Thursday at ₹ 1,344.85. The stock is down 20% so far this year.
.
