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VA Tech Wabag Limited — Capital/Financing Update 2024
Aug 10, 2024
62666_rns_2024-08-10_c0f65ac4-3e86-419e-b54a-a4dbfeac2682.pdf
Capital/Financing Update
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August 10, 2024
National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai – 400 001
NSE Symbol: WABAG
BSE Scrip Code: 533269
Dear Sir/Madam,
Sub.: Press Release titled : “WABAG secures repeat order of INR 415 Crores towards 7 years Operation & Maintenance Contract of 110 MLD SWRO Nemmeli Desalination Plant, Chennai”
Ref.: Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015
Please find enclosed the subject Press Release being issued by the Company today.
This is for your information and records.
Thanking You,
Yours faithfully,
For VA TECH WABAG LIMITED
ANUP Digitally signed by ANUP KUMAR SAMAL DN: c=IN, o=PERSONAL, title=2597, pseudonym=260fbf0cb1c444759b3176bd8afc609e, 2.5.4.20=2f08e2a4abd03cf834087d0169b KUMAR 8295db945b73a74bab7f34c29fd5496859827, postalCode=500048, st=Telangana, serialNumber=26a2e917225a7e97909c27 b92ba3e356c8947696ef734eb423b81374 SAMAL 92e67dee, cn=ANUP KUMAR SAMAL Date: 2024.08.10 17:55:29 +05'30'
Anup Kumar Samal Company Secretary & Compliance Officer Membership No. F4832
Encl.: As above
Sustainable solutions, for a better life
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VA TECH WABAG LIMITED
“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
CIN: L45205TN1995PLC030231
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Press Release For Immediate Publication August 10, 2024
WABAG secures repeat order of INR 415 Crores towards 7 years Operation & Maintenance Contract of 110 MLD SWRO Nemmeli Desalination Plant, Chennai
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August 10, 2024: VA TECH WABAG (‘WABAG’), a leading pure-play water technology Indian Multinational Group, has secured a repeat order worth about INR 415 Crores from the Chennai Metropolitan Water Supply and Sewage Board (CMWSSB) towards Operation & Maintenance of 110 MLD SWRO Desalination Plant at Nemmeli in Chennai for a period of 7 years.
Wabag’s initial Operation & Maintenance contract was completed in 2021, after which the contract was extended by the customer and Wabag continued to Operate & Maintain the Plant. CMWSSB floated a public tender for the Operation & Maintenance of the Plant, and Wabag secured this repeat order for Operating & Maintaining the Plant for another Digitally signed by ANUP KUMAR SAMAL seven years. DN: c=IN, o=PERSONAL, title=2597, pseudonym=260fbf0cb1c444759b3176
Digitally signed by ANUP KUMAR SAMAL ANUP DN: c=IN, o=PERSONAL, title=2597, pseudonym=260fbf0cb1c444759b3176 bd8afc609e, 2.5.4.20=2f08e2a4abd03cf834087d0169 b8295db945b73a74bab7f34c29fd54968 Sustainable solutions, for a better life KUMAR 59827, postalCode=500048, st=Telangana, serialNumber=26a2e917225a7e97909c27b92ba3e356c8947696ef734eb423b813 SAMAL 7492e67dee, cn=ANUP KUMAR SAMAL Date: 2024.08.10 17:56:03 +05'30' ____________________ VA TECH WABAG LIMITED Board : +91- 44 - 6123 2323 CIN: L45205TN1995PLC030231 Fax : : +91- 44 - 6123 2324 “WABAG HOUSE”, Email : [email protected] No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Web : www.wabag.com Sunnambu Kolathur, Chennai 600 117, India.
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The Nemmeli Desalination Plant was inaugurated by the Honourable Chief Minister of Tamilnadu in 2013. This Plant is the first Municipal Desalination Plant built in India on Design, Build, Operate (DBO) basis for drinking water purposes.
The Nemmeli Desalination Plant is equipped with the most advanced Sea Water Reverse Osmosis (SWRO) technology, ensuring the production of high-quality desalinated water for domestic consumption, coupled with a process that optimizes power consumption. The water produced from this Plant is being supplied to South Chennai, benefitting millions of residents.
Commenting on this order, Mr. Shailesh Kumar, CEO – India Cluster said, “We are extremely proud to secure this repeat order for the Operation & Maintenance of the 110 MLD Nemmeli Desalination Plant. In line with our Growth Strategy, this new order further strengthens our O&M order book, providing annuity income, improving cash flows, and revenue predictability. This award underscores the continued trust and confidence our client CMWSSB has in our expertise and consistent performance, for which we are extremely thankful. We look forward to continuing our partnership and ensuring the plant operates at peak efficiency, serving the community by providing safe and reliable water supply.”
ANUP KUMAR * * * * * SAMAL
Digitally signed by ANUP KUMAR SAMAL DN: c=IN, o=PERSONAL, title=2597, pseudonym=260fbf0cb1c444759b3176bd8afc609e, 2.5.4.20=2f08e2a4abd03cf834087d0169b8 295db945b73a74bab7f34c29fd549685982 7, postalCode=500048, st=Telangana, serialNumber=26a2e917225a7e97909c27 b92ba3e356c8947696ef734eb423b813749 2e67dee, cn=ANUP KUMAR SAMAL Date: 2024.08.10 17:56:30 +05'30'
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.
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For Further information, please contact:
Mr. Nilamani Satapathy, Corporate Communications
VA TECH WABAG LIMITED I Tel: +91 44 6123 2949 I Email: [email protected] CIN: L45205TN1995PLC030231
About WABAG: WABAG is a global leader in the water industry backed by rich experience spanning over 100 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 1,600 water professionals, spread over 25 countries, 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 covering Design, Engineering, Supply, Construction, Installation, Start up and Long-term Operational Management across various business models. With passion for innovation, WABAG is continuing its Research and Development initiatives from dedicated R&D centers located in Europe and India, and possesses over 125 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.
ANUP KUMAR SAMAL
Digitally signed by ANUP KUMAR SAMAL DN: c=IN, o=PERSONAL, title=2597, pseudonym=260fbf0cb1c444759b3176bd8 afc609e, 2.5.4.20=2f08e2a4abd03cf834087d0169b82 95db945b73a74bab7f34c29fd5496859827, postalCode=500048, st=Telangana, serialNumber=26a2e917225a7e97909c27b 92ba3e356c8947696ef734eb423b8137492e 67dee, cn=ANUP KUMAR SAMAL Date: 2024.08.10 17:56:58 +05'30'
Sustainable solutions, for a better life
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VA TECH WABAG LIMITED Board : +91- 44 - 6123 2323 CIN: L45205TN1995PLC030231 Fax : : +91- 44 - 6123 2324 “WABAG HOUSE”, Email : [email protected] No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Web : www.wabag.com Sunnambu Kolathur, Chennai 600 117, India.