Rs 13,667 crore order book: Rakesh Jhunjhunwala’s Portfolio Company Secures Rs 380 Crore World Bank-Funded Water Reuse Project in Bengaluru

VA TECH WABAG Limited (WABAG), a prominent Indian multinational group specialising in water technology, announced today that it has secured a significant Design, Build, Operate (DBO) order valued at approximately INR 380 Crores from the Bangalore Water Supply and Sewerage Board (BWSSB). The project, funded by the World Bank, focuses on developing state-of-the-art, energy-efficient water reuse facilities in Bengaluru.

The comprehensive order entails the Design, Engineering, Construction, and Commissioning (EPC) of Wastewater Treatment Plants (WWTPs) equipped with Tertiary Treatment Facilities, Biogas Generation units, Solar Sludge Drying Beds, and Intermediate Pumping Stations, along with all associated piping works. The EPC phase is slated for completion within 30 months from the commencement date, followed by a 10-year period of Operation and Maintenance (O&M). These advanced WWTPs will be strategically located at four sites in Bommanahalli, falling under the Karnataka Water Security and Disaster Resilience Program.

The initiative is crucial for enhancing the region's long-term water sustainability and will utilise cutting-edge treatment technologies to facilitate industrial reuse of tertiary-treated wastewater, thereby reducing freshwater demand and bolstering Bengaluru's water security. A key "green" aspect of this project involves the anaerobic digestion of sludge to generate biogas, which will power plant operations, reduce external energy consumption, improve overall efficiency, and contribute to broader sustainability objectives.

Commenting on this order win, Mr. S Natrajan, Vice President, Head-Sales & Marketing, India Cluster said, “Securing this prestigious repeat order from BWSSB not only reinforces WABAG’s leadership in the recycling and reuse sector, but also underscores our commitment to pioneering innovation and sustainability in the water sector. We are proud to contribute to Karnataka’s water security mission by delivering cutting-edge solutions that enable water reuse, reduce environmental impact, and set a benchmark for sustainable development.”

For FY25, VA Tech Wabag reported an order book of Rs 13,666.7 crore, marking a 19 per cent growth year-on-year. Revenue for the fiscal year stood at Rs 3,294 crore, an increase of 15.3 per cent, while EBITDA rose 14.2 per cent to Rs 430.2 crore. Net profit (PAT) advanced 20.2 per cent to Rs 295.3 crore.

In Q4 FY25, revenue climbed 23.8 per cent year-on-year to Rs 1,156.2 crore, supported by a 21.9 per cent rise in EBITDA to Rs 140.8 crore. Quarterly PAT rose 37.4 per cent to Rs 99.5 crore.

Year-to-date, the stock has returned 9.80 per cent, with a gain of over 87 per cent in the last 12 months. Over the past five years, the stock has delivered multibagger returns of 1,379 per cent, making it a notable performer in the Mid-Cap segment.

A renowned investor, Rekha Jhunjhunwala (wife of Late Rakesh Jhunjhunwala), held an 8.04 per cent stake in the company.

Disclaimer: The article is for informational purposes only and not investment advice.