Va Tech Wabag Secures ₹46.5 Crore Contract for Advanced Water Solutions in Solar Manufacturing
VA Tech Wabag has won a ₹46.5 crore contract from RenewSys India Private Limited to provide water technology solutions for a 2 GW solar cell manufacturing facility in Hyderabad. The project includes designing and implementing Ultrapure Water, Effluent Treatment, and Zero Liquid Discharge systems within 11 months. This contract marks VA Tech Wabag's entry into the solar manufacturing sector, aligning with its strategy to diversify into high-growth industrial applications. The company recently reported strong financial performance with 17% year-over-year growth in consolidated revenue to ₹734 crores and a 20% increase in PAT to ₹66 crores. VA Tech Wabag's order book now stands at over ₹15,750 crores, providing visibility for sustained growth.

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VA Tech Wabag , a leading pure-play water technology company, has clinched a significant contract worth ₹46.5 crore from RenewSys India Private Limited. The order involves providing advanced water technology solutions for RenewSys' 2 GW solar cell manufacturing facility in Hyderabad, Telangana.
Contract Details
The scope of work for VA Tech Wabag includes the design, engineering, manufacturing, supply, installation, and commissioning of:
- An Ultrapure Water (UPW) system
- An Effluent Treatment Plant (ETP)
- A Zero Liquid Discharge (ZLD) system
The project is set to be executed within a period of 11 months, showcasing VA Tech Wabag's commitment to timely delivery of complex water management solutions.
Strategic Significance
This contract marks a strategic milestone for VA Tech Wabag, establishing a strong foothold in the rapidly growing solar manufacturing sector. The company views this as an opportunity to reinforce its capabilities across UPW, ETP, and ZLD segments, positioning itself to capitalize on future opportunities in solar, green hydrogen, semiconductor, and other high-growth industrial applications.
Mr. V. Sivakumar, General Manager - Sales & Marketing, India Cluster at VA Tech Wabag, commented on the order win: "This order marks WABAG's foray into delivering comprehensive water management solutions for Solar Cell facilities, one of the high growth segments for the future. The project is well aligned with our strategy to diversify into water management for high growth industrial applications like Solar, Green Hydrogen and Semi-Conductors."
Financial Performance
VA Tech Wabag recently reported strong financial performance:
Metric | Amount (₹ in crores) | Year-over-Year Growth |
---|---|---|
Consolidated Revenue | 734.00 | 17% |
Consolidated EBITDA | 96.00 | 18% |
Consolidated PAT | 66.00 | 20% |
The company achieved a PAT margin of 9%.
Order Book and Future Outlook
With recent contract wins, including the ₹46.5 crore RenewSys order and a ₹2,332 crore desalination plant project in Yanbu, Saudi Arabia, VA Tech Wabag's order book stands at over ₹15,750 crores. This robust order book, approximately 5 times the company's annual revenue, provides strong visibility for sustained growth.
The company maintains a balanced portfolio across EPC, industrial, and international markets, complemented by a rising contribution from its high-margin Operations and Maintenance (O&M) business. VA Tech Wabag's focus on emerging market opportunities and advanced technology projects, particularly in desalination, recycling, reuse, and effluent treatment, positions it well for future growth in the water technology sector.
As VA Tech Wabag continues to secure strategically significant contracts and maintain strong financial performance, it reinforces its position as a global leader in sustainable water solutions, contributing to cleaner environments and resilient economies across the communities it serves.
Historical Stock Returns for VA Tech Wabag
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.38% | -0.92% | +0.74% | +13.74% | +19.22% | +639.23% |