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VA Tech Wabag Limited — Capital/Financing Update 2022
Jun 3, 2022
62666_rns_2022-06-03_7c03b345-ee71-4b70-8530-b5b2808d6d31.pdf
Capital/Financing Update
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June 03, 2022
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 NSE Symbol: WABAG
BSE Limited,
Floor 25, P J Towers, Dalal Street, Mumbai – 400 001
BSE Scrip Code: 533269
Dear Sir/ Madam,
Sub: PRESS RELEASE TITLED: WABAG expands Global footprint with a new JICA funded, consortium order for 50 MLD Desalination project in Senegal, worth about 146 Million Euro”
Please find enclosed the subject Press Release being issued by the Company today.
This is for your information and record.
Thanking You,
Yours faithfully,
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For VA TECH WABAG LIMITED
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RAMANAN Digitally signed by RAMANAN SWAMINATHAN DN: c=IN, o=Personal, pseudonym=9281f2eaf2c56623f5b588b1c1b0679d8f2928dc055d6c9121eef1d07be626ee,
postalCode=600078, st=TAMIL NADU, serialNumber=00b9e90c2580a5d8a3d13182f81bcc7d
SWAMINATHAN 5fe4daf6cd2fcaadd4803fec37559c2a, cn=RAMANAN SWAMINATHAN
Date: 2022.06.03 09:09:38 +05'30'
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R Swaminathan Company Secretary & Compliance Officer Membership No. A17696
Encl. As above
Sustainable solutions, for a better life
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VA TECH WABAG LIMITED CIN: L45205TN1995PLC030231 “WABAG HOUSE”,
Board : +91- 44 - 6123 2323 Fax : : +91- 44 - 6123 2324 Email : [email protected] Web : www.wabag.com
No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Sunnambu Kolathur, Chennai 600 117, India.
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PRESS RELEASE Chennai, India
For Immediate Publication June 03, 2022
WABAG expands Global footprint with a new JICA funded, consortium order for 50 MLD Desalination project in Senegal, worth about 146 Million Euro
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June 03, 2022: VA TECH WABAG (‘WABAG’), a leading pure-play water technology Indian Multinational Group, further enhanced its global position in the Desalination market, by securing a consortium Design, Build, Operate (‘DBO’) order, for the 50 MLD (expandable to 100 MLD) Mamelles Sea Water Desalination
Sustainable solutions, for a better life
RAMANAN SWAMINATHAN Digitally signed by RAMANAN SWAMINATHAN DN: c=IN, o=Personal, pseudonym=9281f2eaf2c56623f5b588b1c1b0679d8f2928dc055d6c9121eef1d07be626ee, postalCode=600078, st=TAMIL NADU, serialNumber=00b9e90c2580a5d8a3d13182f81bcc7d5fe4daf6cd2fcaadd4803fec37559c2a, cn=RAMANAN SWAMINATHAN Date: 2022.06.03 09:12:26 +05'30'
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VA TECH WABAG LIMITED
CIN: L45205TN1995PLC030231 “WABAG HOUSE”,
No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Sunnambu Kolathur, Chennai 600 117, India.
Board : +91- 44 - 6123 2323 Fax : : +91- 44 - 6123 2324 Email : [email protected] Web : www.wabag.com
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Project from Société Nationale Des Eaux du Sénégal (‘SONES’), the National Water Company of Senegal, worth about 146 Million Euro.
The scope of WABAG under this order will be Engineering & Procurement (‘EP’) and Operation & Maintenance (‘O&M’), which is worth about one-third of the consortium order value. WABAG’s EP scope includes Design, Engineering and Supply of Electromechanical equipment, supervision of Installation and Commissioning followed by a 2 year O&M of the plant. The location of the plant is in the main corniche of Dakar city on a high hill top, with sea water intake from the Atlantic Ocean. The plant will be based on SWRO technology with very advanced compact systems, considering the availability of land and challenging terrain.
The project is to be executed by WABAG in consortium with Toyota Tsusho Corporation (‘Toyota’), Japan and Eiffage Génie Civil, France (‘Eiffage’). WABAG will play the role of the Technology & System integrator, while Eiffage will be responsible for the construction work and Toyota will co-manage the project.
This project which is being funded by Japan International Cooperation Agency (‘JICA’) aims to provide a safe and stable water supply to the people of Senegal by ensuring a highly sustainable water source. The groundbreaking ceremony of this project was held in Dakar, Senegal and the commencement of construction of the plant was declared by the President of Senegal. As the first large-scale seawater desalination plant in Senegal and the largest in West Africa upon completion, this project is expected to greatly improve the lives of the people by meeting the water needs of about one million Dakar residents, thereby contributing to sustainable development of the economy in Senegal.
Sustainable solutions, for a better life
RAMANAN SWAMINATHAN Digitally signed by RAMANAN SWAMINATHAN DN: c=IN, o=Personal, pseudonym=9281f2eaf2c56623f5b588b1c1b0679d8f2928dc055d6c9121eef1d07be626ee, postalCode=600078, st=TAMIL NADU, serialNumber=00b9e90c2580a5d8a3d13182f81bcc7d5fe4daf6cd2fcaadd4803fec37559c2a, cn=RAMANAN SWAMINATHAN Date: 2022.06.03 09:13:32 +05'30'
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VA TECH WABAG LIMITED
Board : +91- 44 - 6123 2323 Fax : : +91- 44 - 6123 2324 Email : [email protected] Web : www.wabag.com
CIN: L45205TN1995PLC030231 “WABAG HOUSE”, No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Sunnambu Kolathur, Chennai 600 117, India.
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This breakthrough order in the West African region, marks the entry of WABAG into a new geography, Senegal. WABAG is already executing 50 MLD (expandable to 100 MLD) Desalination project in Tunisia, North Africa being funded by KfW Germany. This order further consolidates WABAG’s business in the African continent.
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President of the Republic of Senegal interacting with the consortium representatives, during the ground breaking ceremony
Commenting on this order win, Mr. Deep Raj Saxena, CEO – MEA Cluster said, “This new order win in Senegal, amidst strong international competition, gives us immense pride and happiness. WABAG has been continuously foraying into new Geographies and Senegal is yet another country, where our consistent marketing efforts have reaped benefits. This significant order is a testament to WABAG’s strong track record, knowhow & global competitiveness in desalination and Sustainable solutions, for a better life
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____________________ RAMANAN SWAMINATHAN Digitally signed by RAMANAN SWAMINATHAN DN: c=IN, o=Personal, pseudonym=9281f2eaf2c56623f5b588b1c1b0679d8f2928dc055d6c9121eef1d07be626ee, postalCode=600078, st=TAMIL NADU, serialNumber=00b9e90c2580a5d8a3d13182f81bcc7d5fe4daf6cd2fcaadd4803fec37559c2a, cn=RAMANAN SWAMINATHAN Date: 2022.06.03 09:14:58 +05'30'
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Board : +91- 44 - 6123 2323 Fax : : +91- 44 - 6123 2324 Email : [email protected] Web : www.wabag.com
VA TECH WABAG LIMITED
CIN: L45205TN1995PLC030231 “WABAG HOUSE”, No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Sunnambu Kolathur, Chennai 600 117, India.
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WABAG’s continued contribution to water security in the African continent. This plant when completed, will play a significant role in meeting the water demand of Senegal and also be an important reference project for WABAG.”
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For Further information, please contact: Mr. T V Gopal, Chief Manager - Public Relations VA TECH WABAG LIMITED | Tel: +91 44 6123 2260 | Email: [email protected] CIN: L45205TN1995PLC030231
About WABAG: WABAG is a global leader in the water industry backed by rich experience spanning over 98 years. Being a pure-play water technology multinational, WABAG offers a complete range of technologies and services for Total Water Solutions in both Municipal and Industrial sectors. With over 1600 water professionals, spread over 25 countries in 4 continents, WABAG is touching millions of lives every day. WABAG has built over 1,400 municipal and industrial plants in various geographies across the globe over the last 3 decades, with customized solutions matching to its customers' needs. WABAG is a complete life-cycle partner for building water and wastewater infrastructure from Design, Build and Operational Management. With passion for innovation, WABAG is continuing its Research and Development initiatives from 3 dedicated R&D centers located in Switzerland, Austria, and India, and possesses over 90 IP Rights. WABAG’s vision is aligned to the UNSDGs and ESG with special focus on conservation, optimization, recycling and reuse of resources, directed at addressing water challenges across the world. WABAG is thus one of the world's leading partners for investments in a future that is worth living.
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RAMANAN SWAMINATHAN Digitally signed by RAMANAN SWAMINATHAN DN: c=IN, o=Personal, pseudonym=9281f2eaf2c56623f5b588b1c1b0679d8f2928dc055d6c9121eef1d07be626ee, postalCode=600078, st=TAMIL NADU, serialNumber=00b9e90c2580a5d8a3d13182f81bcc7d5fe4daf6cd2fcaadd4803fec37559c2a, cn=RAMANAN SWAMINATHAN Date: 2022.06.03 09:16:04 +05'30'
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Sustainable solutions, for a better life
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VA TECH WABAG LIMITED
Board : +91- 44 - 6123 2323 Fax : : +91- 44 - 6123 2324 Email : [email protected] Web : www.wabag.com
CIN: L45205TN1995PLC030231 “WABAG HOUSE”,
No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Sunnambu Kolathur, Chennai 600 117, India.