VA Tech WABAG Lands Up to ₹600 Cr BPCL Water Project
Overview
VA Tech WABAG has secured a substantial order, ranging from ₹250 crore to ₹600 crore, from Bharat Petroleum Corporation (BPCL). The contract is for advanced water treatment facilities at BPCL's Bina Petchem and Refinery Expansion Project in Madhya Pradesh. The scope includes a raw water treatment plant, RO demineralisation plant, and a zero liquid discharge plant, with execution slated for 22 months. This win reinforces WABAG's position in the industrial water segment, particularly within the oil and gas sector.
Stocks Mentioned
Major Order for VA Tech WABAG
VA Tech WABAG, a prominent player in water technology, announced a significant order win from Bharat Petroleum Corporation (BPCL). The deal, valued between ₹250 crore and ₹600 crore, involves the establishment of advanced water treatment facilities for BPCL's Bina Petchem and Refinery Expansion Project located in Bina, Madhya Pradesh.
Scope and Execution
The project's scope encompasses a comprehensive water block package. This includes a raw water treatment plant (RWTP), a reverse osmosis-based demineralisation plant (RODMP), and a crucial zero liquid discharge plant (ZLDP). VA Tech WABAG will manage the entire lifecycle, from design and engineering through procurement, construction, installation, testing, and final commissioning (EPC). The project is scheduled for completion within 22 months.
Strengthening Market Position
This domestic order is set to bolster VA Tech WABAG's standing in the industrial water treatment segment, especially within the oil and gas sector. S Natrajan, Head of Sales & Marketing, India Cluster, expressed delight, highlighting BPCL's confidence in WABAG's technological capabilities. The win underscores the company's proven track record in delivering complex, technology-intensive water projects.
Market Performance
Following the announcement, VA Tech WABAG's shares saw a modest uptick of 1%. However, the stock has experienced a decline of nearly 6% over the past month. Concurrently, BPCL's share price dipped by over 1%, with a cumulative decrease of more than 3% in the last month.
