Companies

VA Tech WABAG bags Rs 555 cr order from PWA, Qatar

PTI Chennai | Updated on October 24, 2018 Published on October 24, 2018

Water treatment player VA Tech Wabag Ltd has bagged an engineering, procurement and construction order worth Rs 555 crore from the Public Works Authority (PWA), Qatar.

The project to be implemented on design, build and operate basis includes sewage treatment work by using ‘disc filter and aerobic digester technology’ to treat additional sewage from the football stadium currently under construction to host the FIFA World Cup in 2022.

“The project is scheduled to be delivered over a period of 24 months”, the city-based company said in a statement.

“Pleased with the momentum we are gaining in the Middle East region,” VA Tech WABAG Ltd, CEO, Middle East and Africa, Deep Raj Saxena said.

This order will further consolidate the company’s presence and help build another significant reference in the region, he added.

Shares of VA Tech WABAG were trading at Rs 257.25 apiece, up by 1.86 per cent over previous close in BSE.

Published on October 24, 2018
This article is closed for comments.
Please Email the Editor